Weekly Wrap

The GOP has passed its $1.5 trillion tax package; we break it down

Lizzie O'Leary Dec 22, 2017
HTML EMBED:
COPY
US President Donald Trump speaks after signing a tax reform bill in the Oval Office of the White House December 22, 2017 in Washington, DC. BRENDAN SMIALOWSKI/AFP/Getty Images
Weekly Wrap

The GOP has passed its $1.5 trillion tax package; we break it down

Lizzie O'Leary Dec 22, 2017
US President Donald Trump speaks after signing a tax reform bill in the Oval Office of the White House December 22, 2017 in Washington, DC. BRENDAN SMIALOWSKI/AFP/Getty Images
HTML EMBED:
COPY

Ana Swanson of the New York Times and Leigh Gallagher from Fortune Magazine join us to talk about this week’s economic and business news. President Donald Trump signed the GOP tax bill into law today, so we discuss all things taxes. We talk about how the reduced corporate tax rate prompted companies to raise employee wages and give bonuses. We also discuss how long it will take for the tax law to affect everyday Americans. Lawmakers passed legislation to postpone a government shutdown this week, so we try to figure out how both sides of the aisle will deal the looming challenges they will face in January. 

We’re here to help you navigate this changed world and economy.

Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.

In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.

Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.