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Nov 17, 2017

11/17/2017: Economist Jeffrey Sachs says the GOP tax plan is “a heist”

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(U.S. Edition) The Republican tax overhaul — which calls for a reduced corporate tax rate of 20 percent — has now passed in the House. There's been a lot of debate over how much this bill will help American taxpayers.…

Segments From this episode

Corporate tax cuts: "a heist" or a way to raise wages?

Nov 17, 2017
Two economists with opposing views explain the potential impact on workers of the corporate tax cuts in the Republican tax plan.
Members of Congress participate in the House Ways and Means Committee markup of the Republicans' tax reform plan.
Mark Wilson/Getty Images

Tesla unveils an electric truck, but will it catch on?

Nov 17, 2017
CEO Elon Musk said the new electric Tesla trucks will have a range of about 300 miles. But truckers may not want to pay for the cleaner ride. Click the audio player above to hear the full story.  Stories You…

(U.S. Edition) The Republican tax overhaul — which calls for a reduced corporate tax rate of 20 percent — has now passed in the House. There’s been a lot of debate over how much this bill will help American taxpayers. One noted economist who argues that it won’t: Jeffrey Sachs, who joined our show today. Sachs, a Columbia University professor who helped engineer the Soviet Union’s transition to a market economy, said  “we’re talking about gifts to David and Charles Koch, to Sheldon Adelson, to Robert Mercer. This is not reform. This is a heist.” Afterwards, we’ll look at reports that President Trump may appoint Budget Director Mick Mulvaney as head of the Consumer Financial Protection Bureau. What would this mean for the future of the agency?

The team

Stephen Ryan Producer, BBC