Dec 4, 2017

12/04/2017: What’s another $1 trillion?

Miley Cyrus throws money in the air as she performs at the opening night of her Bangerz Tour in Australia at Rod Laver Arena on October 10, 2014 in Melbourne, Australia. Scott Barbour/Getty Images

We get down to the differences between the Senate and House versions of the tax bill, and debt created is one of those differences. Also included is the number of tax brackets, the alternative minimum tax and the amount of the child tax credit. Plus, Marketplace’s Dan Gorenstein is in Boston looking at how to woo investors to a working-class neighborhood in order to create a healthy, mixed-income community, and Kai Ryssdal figures out how to tell the difference between real and fake Nikes with Eddy Lu, CEO of GOAT, an online sneaker resale marketplace that specializes in authenticity.

Segments From this episode

Investors make a bet to lift Boston-area neighborhood out of poverty

by Dan Gorenstein

Dec 4, 2017

Local nonprofits created a private equity fund and found a way to minimize the investment risk.

A homeless man sleeps while a subway rider waits for the train at a subway stop in Boston.

Darren McCollester/Newsmakers

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How the child tax credit would change under the House and Senate proposals

by Mitchell Hartman

Dec 4, 2017

Now that the House and Senate have passed their versions of the tax bill, Republicans are going to start negotiating which items will be included in the final plan. Both the House and Senate would increase the child tax credit and make folks with higher incomes eligible. Critics say lower-income families would be largely left […]

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How many tax brackets do we need?

by Marielle Segarra

Dec 4, 2017

The GOP has promised its tax plan would ultimately create a simpler tax system for individuals. Key to that is a reduction in the number of tax brackets from the current seven. The House bill does that, taking them to four and lowering the rates. The Senate, though, sticks with seven, albeit at slightly lower […]

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The AMT is a flashpoint between the two tax bills

by Tracey Samuelson

Dec 4, 2017

So now we have two GOP tax plans that must now become one. Among the variations between the House and Senate bills is the individual alternative minimum tax. That’s the idea that there should be some minimum tax rate so the wealthy can’t deduct or exempt their way out of taxes entirely. Doing away with […]

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What a small business owner makes of the tax overhaul.

by Kai Ryssdal and Shaheen Ainpour

Dec 4, 2017

Is the proposed tax overhaul really a boon for small business? We checked in with Austin Golding, co-owner of Golding Barge Line in Vicksburg, Mississippi, to find out his perspective. “It seems like every time there’s a discussion about it, there’s a different provision or different nuance to it, but we’ve definitely been trying to […]

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The GOP tax plan and the federal debt … why does it matter?

by Amy Scott

Dec 4, 2017

The tax cuts the Senate approved in the wee hours of Saturday morning are expected to add at least $1 trillion to the federal deficit over the next decade. That’s according to the Senate’s own Joint Committee on Taxation. And that’s after taking into account a boost to economic growth generated by tax cuts. So […]