This NPR Planet Money Indicator podcast episode investigates the economic claims surrounding the "One Big Beautiful Bill Act," a $3.4 trillion bill extending 2017 tax cuts. The episode features interviews with Arthur Laffer, a prominent economist who supports the bill, and Erica York, a tax policy expert who offers a more cautious perspective. Laffer argues the tax cuts will stimulate economic growth and pay for themselves, citing historical examples. York, however, emphasizes the need for more sophisticated analysis, highlighting that while some economic benefits may occur, the tax cuts will significantly increase the national deficit. The podcast presents contrasting viewpoints on the bill's economic impact, showcasing the differing opinions between proponents and mainstream economic analysis.
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