Nobel Prize winning economist issues open letter criticizing Trump's tax reform bill

BlockBeats News: On June 4th, six Nobel laureates in economics recently released an open letter expressing concerns about the trillion dollar tax and spending bill passed by House Republicans last month. The main concern is the cuts to Medicaid and SNAP, which they believe are crucial for American families. The House version of the bill will cut Medicaid spending by $700 billion and significantly reduce the SNAP program by $300 billion, the largest reduction in the history of both programs. The open letter calls on the Senate to reject the bill and create a budget from scratch. (Golden Ten)