Adam Michel, Michael Cannon, and Dominik Lett break down the One Big Beautiful Bill. Is it $3.4 trillion, or actually $6 trillion? Is Medicaid getting a cut or a trim? With spending cuts pushed to later years and tax benefits front-loaded, the scholars dissect the political calculations and baseline accounting that shaped this massive piece of legislation.

Show Notes:

Michael F. Cannon, “Congress Must Cut and Reform Medicaid,” Cato at Liberty (blog), July 18, 2023. https://www.cato.org/blog/congress-must-cut-reform-medicaid.

Chris Edwards, “The Senate’s Big, Beautiful Blunder Could Increase the Debt by $6 Trillion,” Cato at Liberty (blog), October 30, 2023. https://www.cato.org/blog/senates-big-beautiful-blunder-could-increase-debt-6-trillion.

“Senate Budget Serves Dessert First, Spinach Later,” Cato Institute, October 26, 2023. https://www.cato.org/news-releases/senate-budget-serves-dessert-first-spinach-later.

Romina Boccia, “Fiscal Hawks to the Defense of the GOP’s Deficit-Busting Budget Bill,” Cato at Liberty (blog), November 1, 2023. https://www.cato.org/blog/fiscal-hawks-defense-gops-deficit-busting-budget-bill.

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