Hi, this is Amanda from Malvern PA, and I just finished a mega triathlon, where I swam through an ocean of dishes,

circled up a mountain of dog hair, and ran through blocks and Legos and other toys.

This podcast was recorded at 107 p.m. Eastern Time on Monday, July 7th, 2025.

Things may have changed by the time you listen to it, but I'll be enjoying a minute of a clean house before all the critters week, and I have to start training all over again. Enjoy the show.

That was a nice head fake. I like that.

Hey there, it's the NPR Politics Podcast.

I'm Ashley Lopez. I cover politics.

I'm Mara Liason, senior national political correspondent.

And NPR's chief economics correspondent, Scott Horsley is here.

Hi, Scott.

Always nice to have you.

Great to be with you all.

And today we're digging into President Trump's big tax cut and spending bill, which he has signed into law. Scott, this is a massive piece of

legislation. There's a lot in here. But I wonder, what are some of the main things that people will

actually notice will change their lives as a result of this new law? Well, I think it remains to be seen how much people will notice.

But the big thing this measure does is extend the individual tax breaks that were included in the 2017 tax cuts put through the last time President Trump was in the White House.

Otherwise, those tax cuts would have been set to expire at the end of this year.

The bill also adds some new temporary tax cuts on top of that on things like tips and overtime.

But as I say, I'm not sure how much people are going to notice because for most folks, their take-home pay is not going to change very much.

You know, they will avoid what would have been a tax increase, which I'm sure is welcome for a lot of people.

But that doesn't pack the same emotional punch as actually seeing your paycheck get bigger.

It's also the case that the bulk of the savings in this bill are tilted towards the wealthy.

...