Decades of Neoliberalism Entrenched U.S. Inequality. Trump’s Budget Made it Worse.

In an interview with C.J. Polychroniou, Robert Pollin discusses the potential economic, social, and environmental impacts of the Trump administration’s “Big, Beautiful Bill,” which was signed into law last week.

Pollin points out that “the government is effectively paying rich people to lend it money rather than making them pay minimally decent shares of their income and wealth in taxes.” Factoring in tariffs, the lowest 20 percent of income earners may lose $300; the top 1 percent will be $58,000 richer.