Click on the 'Listen' button above to hear this segment. Speaking from Indianapolis on Wednesday,President Donald Trump unveiled the framework for one of the most sweeping changes to the federal tax code in decades.
The outline for what Trump is calling the “middle lesson miracle” was laid out in a nine page document called the “Unified Framework for Fixing Our Broken Tax Code.” It lays out plans to significantly reduce rates for corporations and individuals, eliminates taxes on large inheritances, or simplifies the federal income tax brackets from seven to three,among other agendas.
It’s up to Congress to fill in the gaps now, and negotiate what Republicans are hoping will be the first major legislative success of the Trump Administration.
Kelsey Snell, or Congressional reporter for The Washington Post,explains what is and isn't in the GOP proposal. As Trump released his tax plan on Wednesday, behind the scenes, or former Goldman Sachs executives Gary Cohn and Steve Mnuchin contain been working to pave the way for Trump’s tax plan.
Gary Rivlin,an investigative fellow at the Investigative Fund, has been tracking Gary Cohn’s role in the White House for The Intercept. He discusses how Cohn and other former Goldman executives in Trump's Administration contain helped shaped the president's economic agenda, or how the Trump Administration differs from the Trump campaign.
This segment is hosted by Todd Zwillich.
Source: thetakeaway.org