Nov 2, 2017

11/02/2017: The tax medium is the political message

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It’s tax day. Well, not that tax day. But the Republicans’ tax plan is finally here and we’re doing a full analysis. Here are a few highlights: fewer brackets, a new family credit, goodbye to most exemptions, and lower corporate rates. We talked to people across the country about their thoughts on these changes. Taxes were not the only big news today out of Washington. President Donald Trump announced that Jerome Powell will succeed Janet Yellen as Fed chair. Plus, how residents of a Colorado suburb are trying to stand up to the oil and gas companies that want to drill in their neighborhood. 

 

Segments From this episode

What happens to a neighborhood when oil and gas companies move in next door?

Nov 2, 2017
Residents of Broomfield, Colorado are fighting to keep oil and gas drilling out of residential areas.
A drilling rig near homes in Erie, Colorado. 
Leigh Paterson/ for Marketplace

Trump's Fed chair nominee is a lot like Yellen. So why replace her?

Nov 2, 2017
The key difference? Jerome Powell was selected by Trump and Yellen wasn't.
President Donald Trump nominated Jerome Powell for Federal Reserve chair.
AFP PHOTO / NICHOLAS KAMM

Why does the GOP want to give corporate America a big tax cut?

Nov 2, 2017
After months of big promise and bullet-pointed lists, the GOP is out with a tax bill today. It is a long way from final. Democrats, business groups and others are already pushing back hard against elements of the plan. Among the changes the GOP is touting loudest and seems most committed to is a plan […]

Key question on the GOP tax plan: What’s your ZIP code?

Nov 2, 2017
The GOP tax bill as written gets rid of deductions for state and local income taxes and would cap state and local property tax deductions at $10,000. It would also limit the mortgage interest deduction by capping it at $500,000 for future home purchases. These provisions will have a bigger impact in some parts of […]

What’s better, a deduction or a tax credit?

Nov 2, 2017
The true impact of the Republican tax proposal on the middle class can’t really be measured just yet. We do know it would create a new “family credit” and expand the child tax credit used by working families. On the other hand, the personal exemption taxpayers can now claim for themselves and each of their […]

It’s tax day. Well, not that tax day. But the Republicans’ tax plan is finally here and we’re doing a full analysis. Here are a few highlights: fewer brackets, a new family credit, goodbye to most exemptions, and lower corporate rates. We talked to people across the country about their thoughts on these changes. Taxes were not the only big news today out of Washington. President Donald Trump announced that Jerome Powell will succeed Janet Yellen as Fed chair. Plus, how residents of a Colorado suburb are trying to stand up to the oil and gas companies that want to drill in their neighborhood. 

 

Music from the episode

Arrow of God Analog
Cirrus Bonobo
Te Vi Julieta Venegas
Weary Solange