This week, editors Peter Suderman, Katherine Mangu-Ward, Nick Gillespie, and Reason reporter Eric Boehm unpack the passage of President Donald Trump’s One Big Beautiful Bill, focusing on its tax carve-outs, special-interest subsidies, and what happens when key provisions expire in 2028. They also examine the potential fallout from Trump’s looming trade deadline with the European Union, answer a listener question about the legality of masked federal law enforcement, and discuss the viability of Elon Musk launching a new political party.
0:00—America is still the greatest country on earth
6:18—The One Big Beautiful Bill becomes law
12:39—Medicaid cuts and what they mean
20:51—Sunset clauses will cause more instability
33:33—Listener question on masked Immigration and Customs Enforcement agents
42:16—Elon Musk announces new third party
49:47—Weekly cultural recommendations
Mentioned in This Podcast
“The Secret Police Are Here,” by Mike Brock
“Errol Morris and Jacob Soboroff: Trump’s Immigration Policies Are Indefensible,” by Nick Gillespie
Upcoming Reason Events
The Reason Roundtable Live in NYC! July 15
The Soho Forum Debate: Jacob Hacker vs. David Goldhill, July 16
Today’s Sponsors:
Future of Freedom: If you’re tired of cable news debates and Twitter shouting matches, and you’re looking for serious, good-faith conversations between people who actually care about liberty then it’s time to check out the Future of Freedom podcast. Each episode dives deep into a single topic—tariffs, campus speech, the Department of Government Efficiency—and brings together two guests who disagree on the best path forward. But here’s the twist: This isn’t a debate show. No interrupting. No dunking. If you believe the future of freedom depends on more than just winning arguments and you’re ready for something deeper than the usual echo chambers, check out the Future of Freedom podcast. Real disagreement. Real ideas. Real conversations. Subscribe to Future of Freedom wherever you get your podcasts.
- Producer: Paul Alexander
- Video Editor: Ian Keyser
