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Nov 10, 2017

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

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(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.

Segments From this episode

Senate proposal delays corporate tax rate cut

Nov 10, 2017
Republicans in the Senate unveiled their tax bill yesterday. It proposes a delay the corporate tax cut that President Donald Trump says is crucial to spurring economic growth. The House plan would have cut the top corporate tax rate from 35 percent to 20 percent beginning next year. The Senate wants to delay that until […]

Tax cuts = math problem for lawmakers

Nov 10, 2017
Senate Republicans’ tax proposal seeks to preserve medical deductions. That’s one of the proposed provisions revealing that the House and Senate don’t entirely agree on how to pay for promised tax cuts. Click the audio player above to hear the full story.  Stories You Might Like 11/10/2017: A lifetime access to education 12/04/2017: What comes […]

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The "forever" measure includes more soldiers, like reservists.
Win McNamee/Getty Images

(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.

The team

Stephen Ryan Producer, BBC