The erosion of the American tax base

After the One Big Beautiful Bill Act reduced taxes for 85% of households, disproportionately benefiting high-income earners, all eyes are on the GOP’s approach to taxation. But they’re not the only ones, as Democrats, too, seek to cash in on the tax cut strategy. “Marketplace” Host Kai Ryssdal spoke with Annie Lowrey, a staff writer at The Atlantic, about what that dwindling tax base could mean for public works and our national debt. But first: Whirlpool reports “recession-level low” demand, the first quarter’s lower-than-expected productivity, and a look into how some business owners are approaching tariff refunds.

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