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Nov 10, 2017

11/10/2017: A House vs. Senate showdown over taxes

(U.S. Edition) The Senate has released its version of a tax bill, which clashes with the House’s. One of the biggest differences is that the Senate wants to lower the corporate tax rate a year later than expected. We’ll look at why they’re pushing for a 2019 cut. Afterwards, we’ll dive into another major point of contention between both chambers of Congress: whether or not to get rid of medical deductions. Then to cap off today’s show, we’ll discuss Trump’s ability to get the deals he says he wants when it comes to trade.

Senate Finance Committee Chairman Orrin Hatch (R-UT) (C) talks with journalists before heading into a meeting at the U.S. Capitol on Thursday in Washington, D.C. Senate Republicans met behind closed doors to get their first look at their proposed tax cut and reform legislation.
Senate Finance Committee Chairman Orrin Hatch (R-UT) (C) talks with journalists before heading into a meeting at the U.S. Capitol on Thursday in Washington, D.C. Senate Republicans met behind closed doors to get their first look at their proposed tax cut and reform legislation.
Chip Somodevilla/Getty Images

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Segments From This Episode

(U.S. Edition) The Senate has released its version of a tax bill, which clashes with the House’s. One of the biggest differences is that the Senate wants to lower the corporate tax rate a year later than expected. We’ll look at why they’re pushing for a 2019 cut. Afterwards, we’ll dive into another major point of contention between both chambers of Congress: whether or not to get rid of medical deductions. Then to cap off today’s show, we’ll discuss Trump’s ability to get the deals he says he wants when it comes to trade.