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Viewsroom

Trump tax overhaul will be a long slog

Viewsroom

Reuters

News

4.458 Ratings

🗓️ 28 September 2017

⏱️ 27 minutes

🧾️ Download transcript

Summary

The U.S. president and Republicans want to reduce the corporate tax rate to 20 pct from 35 pct. After a blistering defeat over Obamacare, the prospects of significant reform are slim. Meanwhile, Equifax’s CEO slinks out of the building. Plus: Puerto Rico’s prayer for relief. See acast.com/privacy for privacy and opt-out information. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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0:07.0

But it knows nothing about your work. Slackbot is different. It doesn't just know the facts.

0:14.0

It knows your schedule. It can turn a brainstorm into a brief and it doesn't need to be taught.

0:20.0

Because Slackbot isn't just another AI.

0:23.3

It's AI that knows your work as well as you do.

0:26.4

Visit Slack.com forward slash meet Slackbot to learn more.

0:30.5

The views expressed on this podcast are those of the participants, not of Reuters' News.

0:45.3

President Donald Trump finally rolls out his tax plan. Equifax makes a hapless attempt to oust its CEO and demolished Puerto Rico praise for relief.

0:51.3

These are the issues we'll be tackling in this week's views room, a weekly conversation

0:55.3

among breaking views columnists about the ups and downs of the world of finance.

0:59.2

I'm your host, Jennifer Sabah, and I'm here, as always, with Anthony Curry.

1:03.7

Hello, Anthony.

1:04.6

Hey, Jen.

1:05.0

How you doing?

1:05.5

Good.

1:06.5

So, after another blistering defeat to repeal Obamacare, President Trump and congressional

1:11.0

Republicans unveiled their long-awaited tax overhaul plans. The list includes reducing

1:16.5

the corporate tax rate to 20% from 35%. But to help pay for these reduced levers on the

1:22.7

business side, the plan also wants to scrap state and local tax deductions.

1:28.1

This would raise way more than $1 trillion.

1:30.6

It's an old idea that keeps getting resurrected

1:32.2

and would hurt basically blue states more than red states.

...

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