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Nov 3, 2017

11/03/2017: A very divisive tax bill

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(Markets Edition) The October jobs report is officially in, and the numbers reveal that the U.S. added 261,000 jobs last month while the unemployment rate dipped to 4.1 percent — the lowest in 17 years. We'll look briefly at whether…

Stories From this episode

Some small businesses not happy with the proposed GOP tax bill

by Kimberly Adams Nov 3, 2017
The GOP tax bill is under a microscope as tax analysts, lobbyists and accountants try to figure out what the proposed changes will mean. One of the details that may lead to a fight is how the plan treats so-called…

(Markets Edition) The October jobs report is officially in, and the numbers reveal that the U.S. added 261,000 jobs last month while the unemployment rate dipped to 4.1 percent — the lowest in 17 years. We’ll look briefly at whether this labor market is doing as well as it seems, and then chat with Glenn Hubbard, former chair of George W. Bush’s Council of Economic Advisers, about the divisiveness surrounding the House GOP’s new tax bill. Will this potential tax overhaul actually promote growth? Afterwards, we’ll discuss the history of the alternative minimum tax, which this bill wants to ax, and how it works. And finally, we’ll give an overview of how the CEO of local news websites Gothamist and DNAinfo has decided to shut them down after a union vote.

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