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Oct 17, 2018

Marketplace-Edison Research Poll: Tax law gets a lukewarm response from taxpayers

(Markets Edition) The Republican tax cuts look like they’re making a significant impact on paper, with the non-partisan Tax Policy Center estimating that 80 percent of Americans will be getting a tax cut and companies’ quarterly earnings statements reflecting them. But, the latest Marketplace-Edison Research Poll shows that plenty of people aren’t feeling the impact. We’ll also talk more about “systematically important financial institutions,” places that were deemed integral to the economy following the financial crisis, and talk about the markets with Susan Schmidt at Aviva Investors. Then, we discuss new rules in India that require all payment data for purchases in the country to be stored in India alone. Today’s show is sponsored by Alliance for Lifetime Income (retireyourrisk.org), Gobble (gobble.com) and Michigan Economic Development Corporation (planetm.com). (10/17/2018)

“When you're doing your taxes, you're just the IRS' lowest-paid employee,” said Austan Goolsbee, former chairman of Obama's Council of Economic Advisers. “All you’re doing is typing in information they already have.”
“When you're doing your taxes, you're just the IRS' lowest-paid employee,” said Austan Goolsbee, former chairman of Obama's Council of Economic Advisers. “All you’re doing is typing in information they already have.”
Chris Hondros/Getty Images

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(Markets Edition) The Republican tax cuts look like they’re making a significant impact on paper, with the non-partisan Tax Policy Center estimating that 80 percent of Americans will be getting a tax cut and companies’ quarterly earnings statements reflecting them. But, the latest Marketplace-Edison Research Poll shows that plenty of people aren’t feeling the impact. We’ll also talk more about “systematically important financial institutions,” places that were deemed integral to the economy following the financial crisis, and talk about the markets with Susan Schmidt at Aviva Investors. Then, we discuss new rules in India that require all payment data for purchases in the country to be stored in India alone. Today’s show is sponsored by Alliance for Lifetime Income (retireyourrisk.org), Gobble (gobble.com) and Michigan Economic Development Corporation (planetm.com). (10/17/2018)

Marketplace-Edison Research Poll: Tax law gets a lukewarm response from taxpayers