Nov 1, 2017

11/01/2017: Making legislation marketable for millionaires

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(U.S. Edition) Republicans are delaying the release of their proposed tax bill today, but are expected to unveil it tomorrow. One part of the measure could include a "millionaire's tax," which may just be a way to make the bill more marketable to the uber wealthy — we'll explain why. Afterwards, we'll discuss the background of the suspect involved in yesterday's New York truck attack, which left eight people dead and 11 injured. Plus: Patrick Foulis, the New York bureau chief for The Economist, stopped by to discuss whether the $100 billion Saudi Aramco IPO will actually happen. 

Segments From this episode

How will millionaires fare in the tax bill?

Nov 1, 2017
Today, we’re expecting to get details on the proposed Republican tax bill. One thing to look out for is a possible change to the way top earners are taxed. A so-called millionaire’s tax has been floated to a mixed reception. Some say such a tax would be aimed at making the bill more sellable.  Click […]

Is the Trump administration leading an "anti-retirement savings movement"?

Nov 1, 2017
There are flaws in our retirement system, but GOP changes could make it worse, one expert says.
David McNew/Getty Images

(U.S. Edition) Republicans are delaying the release of their proposed tax bill today, but are expected to unveil it tomorrow. One part of the measure could include a “millionaire’s tax,” which may just be a way to make the bill more marketable to the uber wealthy — we’ll explain why. Afterwards, we’ll discuss the background of the suspect involved in yesterday’s New York truck attack, which left eight people dead and 11 injured. Plus: Patrick Foulis, the New York bureau chief for The Economist, stopped by to discuss whether the $100 billion Saudi Aramco IPO will actually happen. 

The team

Stephen Ryan Producer, BBC