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

Bryan Bedder/Getty Images for Save the Children

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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. 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?

Segments From this episode

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

by David Brancaccio and Janet Nguyen Nov 17, 2017
Two economists with opposing views explain the potential impact on workers of the corporate tax cuts in the Republican tax plan.

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

by Aaron Schrank 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. 

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