Trump’s Tax Cuts Make the 1% –and Rich Foreigners– Richer

Economist, Research Professor • Aug 2, 2019 at 11:25 PM EDT

Krugman says that since Trump’s tax cuts amounted to nothing but a giveaway to wealthy shareholders, and since many of those are foreigners, the tax cuts amounted to a foreign aid program.

In this week's podcast we discuss the latest from Paul Krugman.

Krugman says that since Trump’s tax cuts amounted to nothing but a giveaway to wealthy shareholders, and since many of those are foreigners, the tax cuts amounted to a perverse foreign aid program.