Nobel Laureate Economists Publish Open Letter Criticizing Trump's Tax Reform Bill
Six Nobel laureates in economics recently published an open letter expressing concern over the multi-trillion dollar tax and spending bill passed by House Republicans last month. The main concern lies in the cuts to Medicaid and the Supplemental Nutrition Assistance Program (SNAP), which they believe are crucial for American families. The House version of the bill would cut Medicaid spending by $700 billion and significantly reduce the SNAP program by $300 billion, marking the largest reductions in the history of both programs. The open letter calls on the Senate to reject the bill and start over with the budget. (Jin10)
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