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    Buyer's Remorse

    Buyer's Remorse

    FromThe Heist

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    Buyer's Remorse

    FromThe Heist

    ratings:
    Length:
    43 minutes
    Released:
    Oct 1, 2020
    Format:
    Podcast episode

    Description

    Republicans say they hate debt. So why did they push for a tax bill that would add almost two trillion dollars to the country’s tab? Only one Republican senator broke ranks - until he didn’t. This episode tells the story of the flip-flops, backroom deals and magical thinking that led to the 2017 Tax Cuts and Jobs Act.
    Released:
    Oct 1, 2020
    Format:
    Podcast episode

    Titles in the series (18)

    In Donald Trump’s America, wealthy people and large corporations have won big. The Trump Administration promised the Tax Cuts and Jobs Act of 2017 would pay for itself and boost the middle class. But in truth, the tax cuts funnelled hundreds of millions into the pockets of the rich and ballooned the national debt. Then, something similar happened again with the 2020 pandemic bailout. Promises made, promises broken. The Heist is the story of a huge political swindle, how it happened, and how power works in a Donald Trump presidency. Reporters spent months behind the scenes: we get to know a big Republican donor, a senator who caves to political pressure, and the enigmatic Secretary of the Treasury, Steven Mnuchin, who led the charge for these laws.