The views expressed on this podcast are those of the participants, not Arroyd's news.

So this is really a wealth transfer from poorer Americans to more, to richer Americans,

and it blows up deficits. It doesn't do much for growth.

And that's why it's a fairly ugly piece of legislation.

This week's episode is all about Donald Trump's big, beautiful bill. As with his first term in office,

the president has put his full weight behind dragging a gigantic tax cut bill across the line.

But there's plenty more in there, enough to ensure that Trump has already made more of a legislative mark.

Yeah, this bill signed by the president after half-hearted rebellions among the Republican Party in both chambers of Congress,

is going to affect

private equity, health care companies, firms fueling the energy transition and on both sides

of the Atlantic. So, stay tuned for this week's viewsroom. It's Amy. And it's Jonathan. And we

are back for another episode of the views room, your weekly podcast where Breaking Views

Colonists discuss the naughtiest issues in business, economics and finance.

I think Trump's tax and spending bill is most certainly naughty. First off, given some pretty

memorable defeats he's suffered. Jonathan, was this on your bingo card of all the things you'd expect in a big, beautiful

bill from Donald Trump?

Definitely.

I mean, look, I think successive presidents have learned that piecemeal legislative approaches

premised on taking on one issue at a time.

Just don't really work in the modern day Congress, especially, you know, in the US,

you have two chambers of Congress, a lot of folks in the lower chamber, the House of Representatives,

a hundred people in the Senate, which is the upper chamber, and it has all these Byzantine

...