Sep 6, 2017

09/06/2017: How low can Trump’s tax cuts go?

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President Trump made a big tax speech in North Dakota today. A key feature in his plan: Cutting the corporate tax rate, which currently sits at 35 percent. It's not clear how much Trump will be able to cut, however: Every percentage point cut in the corporate tax rate would cost the U.S. Treasury an estimated $100 billion over a decade. We'll talk about it, plus the latest departure from the Federal Reserve.

Then: We're continuing our series "Trade Off" with a look at retraining. When people lose their jobs to globalization, government programs are meant to get them ready for new jobs. But reinvention is hard. Plus: Why is "'Star Wars' movie director" seemingly one of the highest-turnover jobs in the country?

Segments From this episode

As large hospital systems buy up independent medical practices, the cost of health care rises

Sep 6, 2017
Large hospital systems gobbled up independent OB/GYN practices. As competition went down, prices have gone up.
Dr. Sarah Azad examines patient Ruby Lin at her private practice in Mountain View, California. 
Jenny Gold/courtesy of KHN

"Star Wars" movie directors are more brand shepherds than auteurs

Sep 6, 2017
Directors need to be creative but also be able to make a movie in the style that is already established.
(L-R) Actors Gwendoline Christie, John Boyega, Daisy Ridley, Director Rian Johnson, actors Kelly Marie Tran, Laura Dern and Benicio del Toro of Star Wars: The Last Jedi
Jesse Grant/Getty Images for Disney

Is retraining worth it? Laid off paper millworkers weigh the benefits

Sep 6, 2017
Government programs are meant to help those workers get new jobs. But reinvention is hard.
The remains of the NewPage paper mill in Kimberly, Wisconsin. The mill closed in 2008, leaving 600 people out of work. Kimberly-Clark Corp. built the mill in 1889.
Hayley Hershman

It'll be hard to cut the corporate tax rate as much as President Trump wants

Sep 6, 2017
Every percentage point cut in the corporate tax rate would cost the U.S. Treasury an estimated $100 billion over a decade.
President Donald Trump with Speaker of the House Paul Ryan (L) and Senate Majority Leader Mitch McConnell (R), delivers remarks during a meeting with members of Congress and his administration regarding tax reform in the Roosevelt Room of the White House on September 5, 2017 in Washington, DC.
Shawn Thew-Pool/Getty Images

A hurricane like Irma could cause serious damage in Tampa Bay

Sep 6, 2017
Darryl Fears discusses his piece for the Washington Post, "Tampa's Coming Storm."
Residents work together to fill sandbags for each other at Bobby Hicks Park as residents prepare for Hurricane Irma on Tuesday in Tampa, Florida. 
Brian Blanco/Getty Images

President Trump made a big tax speech in North Dakota today. A key feature in his plan: Cutting the corporate tax rate, which currently sits at 35 percent. It’s not clear how much Trump will be able to cut, however: Every percentage point cut in the corporate tax rate would cost the U.S. Treasury an estimated $100 billion over a decade. We’ll talk about it, plus the latest departure from the Federal Reserve.

Then: We’re continuing our series “Trade Off” with a look at retraining. When people lose their jobs to globalization, government programs are meant to get them ready for new jobs. But reinvention is hard. Plus: Why is “‘Star Wars’ movie director” seemingly one of the highest-turnover jobs in the country?

Music from the episode

Frontin' (feat. Jay-Z) - Club Mix Pharrell Williams, JAY Z
Can I Kick It? A Tribe Called Quest
The Message (feat. Melle Mel & Duke Bootee) Grandmaster Flash & The Furious Five, Grandmaster Melle Mel, Duke Bootee
Someday The Strokes