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06/05/2017: Simplifying the tax code isn’t so simple
Jun 5, 2017

06/05/2017: Simplifying the tax code isn’t so simple

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Chris Hondros/Getty Images

The Trump administration has promised to simplify the tax code, which is an idea Democrats and Republicans can get behind. But reforming the tax code is no easy task. We take a look at what this change could mean for the IRS, tax-prep companies and Americans filing their taxes each year. In other news from the White House, President Trump wants to put a nonprofit in charge of air traffic control instead of the Federal Aviation Administration. How would air traffic control work as an independent organization? Also on today's show: We talk to Stephen Beard, Marketplace's European bureau chief, about the upcoming election in the U.K. 

Segments From this episode

The powerful interests fighting tax simplification

by Ryan Kailath
Jun 5, 2017
The White House says a revamp will boost revenues. Democrats want an easier system, too. So why hasn't it happened?
“When you're doing your taxes, you're just the IRS' lowest-paid employee,” said Austan Goolsbee, former chairman of Obama's Council of Economic Advisers. “All you’re doing is typing in information they already have.”
Chris Hondros/Getty Images
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5 Mideast countries cut ties with Qatar

by Adriene Hill
Jun 5, 2017
Simon Henderson of The Washington Institute says a major political crisis could affect the supply and price of oil.
Some nations are cutting off air and sea traffic with Qatar, above.
Robert Cianflone/Getty Images
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Trump tries to shift attention to FAA breakup and privatization

by Adam Allington
Jun 5, 2017
With the looming congressional testimony of former FBI Director James Comey later this week, the White House is hoping to give Americans something else to focus on —infrastructure. Speaking from the Rose Garden earlier today, President Trump announced a proposal to separate the nation’s air traffic controllers from the FAA, placing them under the control […]
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Why the U.K. election is closer than expected

by Adriene Hill
Jun 5, 2017
Despite recent terror attacks, voting is still about Brexit leadership.
Opposition Labour Party leader Jeremy Corbyn speaks at an election campaign event in Basildon, east of London, on June 1.
JUSTIN TALLIS/AFP/Getty Images
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Stock splits are so old school

by Sabri Ben-Achour
Jun 5, 2017
Shares of Google parent Alphabet flirted with $1,000 today, and Amazon finished up at $1,011. In the past, when a company thought its stock was getting a little too expensive, it would do a split. That would reduce the price of each share by raising the number outstanding. That basically made the stock more accessible […]
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A health plan to encourage seniors to get the care they need

by Dan Gorenstein
Jun 6, 2017
A House committee is set to hold a hearing on a plan to lower costs for people on Medicare. The bipartisan legislation would let Medicare make some basic services cheaper for patients with chronic conditions. A diabetes patient who’s prone to blindness, for example, would get cheaper eye exams. It’s a model private insurers are […]
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The Trump administration has promised to simplify the tax code, which is an idea Democrats and Republicans can get behind. But reforming the tax code is no easy task. We take a look at what this change could mean for the IRS, tax-prep companies and Americans filing their taxes each year. In other news from the White House, President Trump wants to put a nonprofit in charge of air traffic control instead of the Federal Aviation Administration. How would air traffic control work as an independent organization? Also on today’s show: We talk to Stephen Beard, Marketplace’s European bureau chief, about the upcoming election in the U.K. 

Music from the episode

Fever Dream B Datassette
My Sentiment Universal Togetherness Band
Stay Tuned Wuh Oh
Black Lemon Generationals
Cherry Chromatics
Leaving Los Feliz Mark Ronson, Kevin Parker

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