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Ahead of Senate tax bill vote, we look at the proposal’s impact on CA




Senate Majority Leader Mitch McConnell (R-KY) talks with reporters after leaving a tax reform news conference in the Dirksen Senate Office Building on Capitol Hill November 30, 2017 in Washington, DC.
Senate Majority Leader Mitch McConnell (R-KY) talks with reporters after leaving a tax reform news conference in the Dirksen Senate Office Building on Capitol Hill November 30, 2017 in Washington, DC.
Chip Somodevilla/Getty Images

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There’s been a lot of criticism in California over the GOP tax bill.

Los Angeles City Controller Ron Galperin criticized the plan, writing that millions of Angelenos would see a negative economic impact, especially in the form of state and local tax deductions, affordable housing and home ownership.

The bill could be passed as early as Friday. Larry speaks to dueling economists to find out more on how the plan could impact California.

Guests:

Alan Auerbach, professor of economics and law and director of the Center for Tax Policy and Public Finance at UC Berkeley

Wayne Winegarden, senior fellow of business and economics at Pacific Research Institute; a free-market think-tank