The Dangerously Irresponsible Tax Bill — ft. Maya MacGuineas

Prof G Markets

Vox Media Podcast Network

Entrepreneurship, Investing, Business

4.6 • 722 Ratings

🗓️ 27 June 2025

⏱️ 58 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Maya MacGuineas, president of the bipartisan Committee for a Responsible Federal Budget, joins the show to explain why she thinks the GOP tax bill will pass — and what its true impact will be. She breaks down the real risk posed by America’s debt trajectory, which taxes she sees as the 'least taxing,' and why young people should care about the growing deficit. Subscribe to the Prof G Markets newsletter Order "The Algebra of Wealth" out now Subscribe to No Mercy / No Malice Follow Prof G Markets on Instagram Follow Scott on Instagram Follow Ed on Instagram and X Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Support for the show comes from LPL Financial. What if you could take that dream vacation or take that idea and go start that business? What if you could grow your career or your company? When it comes to your finances, your business, your future, LPL Financial believes the only question should be what if you could. Visit LPL.com to learn more. LPL Financial, member FINRA SIPC, no strategy assures success or protects against loss.
0:24.4	Investing involves risk, including possible loss of principle.
0:32.3	Today is number seven.
0:33.8	That's the percentage of global electricity consumed by air conditioning.
0:37.2	Ed, when I bought my most recent car,
0:39.6	no one told me it came with three Jews in the form of air conditioning. High, Norm, and Max.
0:46.1	Get it? High, Norm and Max. Just trying to bring in a little of the tribe humor into the show.
0:53.3	To show I can make fun of myself, Ed.
0:55.5	Sorry, let's go over the names again.
0:56.8	Haim, Norm and Max. Is that right?
0:59.0	No, hi.
0:59.9	Hi.
1:00.5	Hi.
1:01.1	Is that a Jewish name?
1:02.5	And you're such a wasp. Yeah. Hi.
1:04.9	Hi.
1:05.5	You've never met a Jew name, hi.
1:07.5	Spell that for me.
1:08.3	Oh, don't go all like, spell it for me. No, I'm not doing that.
1:13.1	How many people in Iran? What's the population of Iran, Senator Cruz?
1:20.5	Listen to me. Markets are bigger than I. What you have here is a structural change in the world distribution.
1:24.9	Cash is trash. Stocks look pretty attractive. Something's
	...

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