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Nov 2, 2017

11/02/2017: The tax medium is the political message

It’s tax day. Well, not that tax day. But the Republicans’ tax plan is finally here and we’re doing a full analysis. Here are a few highlights: fewer brackets, a new family credit, goodbye to most exemptions, and lower corporate rates. We talked to people across the country about their thoughts on these changes. Taxes were not the only big news today out of Washington. President Donald Trump announced that Jerome Powell will succeed Janet Yellen as Fed chair. Plus, how residents of a Colorado suburb are trying to stand up to the oil and gas companies that want to drill in their neighborhood.

US President Donald Trump shows samples of the proposed new tax form as he meets with House Republican leaders and Republican members of the House Ways and Means Committee at the White House in Washington, DC, on November 2, 2017.
Nicholas Kamm/AFP/Getty Images

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Segments From This Episode

What happens to a neighborhood when oil and gas companies move in next door?
by Leigh Paterson
Leigh Paterson/ for Marketplace
Residents of Broomfield, Colorado are fighting to keep oil and gas drilling out of residential areas.
Trump’s Fed chair nominee is a lot like Yellen. So why replace her?
by Kai Ryssdal and Sean McHenry
AFP PHOTO / NICHOLAS KAMM
The key difference? Jerome Powell was selected by Trump and Yellen wasn't.
Why does the GOP want to give corporate America a big tax cut?
by Adriene Hill
After months of big promise and bullet-pointed lists, the GOP is out with a tax bill today. It is a long way from final. Democrats, business groups and others are already pushing back hard against elements of the plan. Among the changes the GOP is touting loudest and seems most committed to is a plan […]
Key question on the GOP tax plan: What’s your ZIP code?
by Tracey Samuelson
The GOP tax bill as written gets rid of deductions for state and local income taxes and would cap state and local property tax deductions at $10,000. It would also limit the mortgage interest deduction by capping it at $500,000 for future home purchases. These provisions will have a bigger impact in some parts of […]
What’s better, a deduction or a tax credit?
by Amy Scott
The true impact of the Republican tax proposal on the middle class can’t really be measured just yet. We do know it would create a new “family credit” and expand the child tax credit used by working families. On the other hand, the personal exemption taxpayers can now claim for themselves and each of their […]

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11/02/2017: The tax medium is the political message

Subscribe:

Segments From This Episode

What happens to a neighborhood when oil and gas companies move in next door?

Trump’s Fed chair nominee is a lot like Yellen. So why replace her?

Why does the GOP want to give corporate America a big tax cut?

Key question on the GOP tax plan: What’s your ZIP code?

What’s better, a deduction or a tax credit?

Music from the episode