The tax cut zealots vs. the budget hawks
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 18 January 2025
⏱️ 24 minutes
🔗️ Recording | iTunes | RSS
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Summary
Republicans in Congress want to extend several provisions from the Tax Cuts and Jobs Act, passed during President-elect Donald Trump’s first term, that are set to expire at the end of this year. But they’re expected to be costly — very costly. We’ll unpack the spending cuts the House GOP is eyeing to offset the impact on federal deficits. And, we’ll get into why Paramount is considering settling Trump’s lawsuit over CBS’ interview with Kamala Harris. Plus, we’ll weigh in on the business trends that are in and out for 2025.
Here’s everything we talked about today:
- “CBS Owner Discusses Settling Trump Suit, With Merger Review on Tap” from The Wall Street Journal
- “House Budget Republicans eye more than 200 spending cuts, tax changes for major bill” from The Hill
- Ways and Means memo from the House Budget Committee
- Bluesky thread from Sen. Ron Wyden
- “Will 2025 Be the Watershed Year for Return-to-Office Mandates? That Depends.” from The Wall Street Journal
- “TikTok Influencers React to a Potential Ban” from The New York Times
- “Every Movie Sequel Releasing In 2024” from Screen Rant
- “BeyoncĂ©’s Whisky, Kylie Jenner’s Canned Vodka Soda, Plus More Stars in the Alcohol Business” from People
- “Tesla stock jumps amid speculation Musk could buy TikTok” from Yahoo Finance
We love to hear from you. Email us at makemesmart@marketplace.org or leave us a voicemail at 508-U-B-SMART.
Transcript
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| 0:00.0 | Hello everyone, I'm Kimberly Adams. |
| 0:08.3 | Welcome back to Make Me Smart, where we make today makes sense. |
| 0:11.6 | It's Friday, January the 17th. |
| 0:14.7 | I'm Kyle Rosdahl. Thanks for being here on this Friday. First Economics on tap, oh, the year, if you can believe it. |
| 0:20.9 | Yes, and it looks like it's going to be quite the year, won't it? |
| 0:25.9 | Yeah. |
| 0:26.3 | You sound tired already, Kai. |
| 0:29.1 | Well, look, I mean, honestly, kind of, yeah, aren't you? |
| 0:33.2 | It's like the fatigue of dread or something. I don't know. |
| 0:36.5 | I just spent about an hour reading a 50-page list of all the things. |
| 0:43.6 | Anyway, I'll tell you about it later. |
| 0:46.0 | We are going to do some news in a little bit, and then we're going to take a quick break, |
| 0:50.9 | and then we're going to play a new game. |
| 0:52.9 | But first, before we get to all of that, we shall talk drinks uh kai what you do and you do in any dry january situation |
| 0:58.5 | well no see i did dry january last year and it i didn't work for me i drink so rarely to |
| 1:03.8 | begin with i only drink on fridays and saturdays but for some reason last year i decided to do |
| 1:07.5 | dry january and it just made me cranky. It made me cranky. I mean, |
| 1:12.0 | I'm pretty disciplined and I can do it, but it made me crank. So what happened actually, my |
| 1:15.8 | wife decided to do it with me. And on the 28th of January, it was a Friday afternoon, and |
| 1:20.8 | we're looking around at each other. And you know what? 28 days is four weeks and screw this. And so she had a glass of wine and I had a beer |
| 1:28.9 | So we made it you know three days shy whatever but anyway I'm not doing dry January but I do have a soccer game this afternoon |
| 1:34.9 | So I have I have water |
... |
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