How President Trump's tax & spending law will affect Americans' wallets

NPR | By Ashley Lopez,

Mara Liasson, Scott Horsley

Published July 7, 2025 at 4:30 PM EDT

President Trump has promised that his newly signed tax and spending law will be a boon for taxpayers and the economy as a whole. We dig into what the legislation really does and what it could mean for Americans' wallets.

This episode: political correspondent Ashley Lopez, senior national political correspondent Mara Liasson, and chief economics correspondent Scott Horsley.

This podcast was produced by Casey Morell & Bria Suggs, and edited by Rachel Baye. Our executive producer is Muthoni Muturi.

Listen to every episode of the NPR Politics Podcast sponsor-free, unlock access to bonus episodes with more from the NPR Politics team, and support public media when you sign up for The NPR Politics Podcast+ at plus.npr.org/politics.

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