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Transcripts For BLOOMBERG Bloomberg BusinessWeek 20171112

In the business section, you lay out graphic. Megan we took a close look at the house plan. It is a serious attempts to implement major changes to the u. S. Tax structure. But also there is so much at stake politically. It is fascinating that a year after the election, we are now getting to what republicans universally say is the real thing that they have to get, tax reform. When anyone tries to get this done, there is a reason why it has failed in the past. The u. S. Tax code is so complex and there are so many vested industries and people and and special Interest Groups that relied on parts of the tax code that in a normal, intelligence and stem you would not have him back. What is fascinating about the house tax plan is how much that it raises the deficit which has long been anathema for republicans. But also to make the numbers work, how much they look at smaller, limited parts of the code that will make a difference. Julia i ....

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Transcripts For BLOOMBERG Bloomberg BusinessWeek 20171112

Reform this week. In the business section, you lay out graphic. Megan we took a close look at the house plan. It is a serious attempt to implement major changes to the u. S. Tax structure. But also there is so much at stake politically. It is fascinating that a year after the election, we are now getting to what republicans universally say is the real thing that they have to get, tax reform. When anyone tries to get this done, there is a reason why it has failed in the past. The u. S. Tax code is so complex and there are so many vested industries and people and sectors and special Interest Groups that relied on parts of the tax code that in a normal, Intelligence System you would have not had in there. What is fascinating about the house tax plan is how much that it raises the deficit which has long been anathema for republicans. But also to make the numbers work, how m ....

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