Congressional Republicans and the White House took the wraps off their plans for the tax code today. It's still pretty broad, but we'll start the show by working though some of the details we got today: doubling the standard deduction, how companies will use tax savings on profits they bring home and maybe most importantly, how party leaders are gonna sell this thing. Then, we'll take a look back to 1986, the last time the government got tax reform through. Plus: A conversation with Microsoft CEO Satya Nadella about his new book, immigration and — what else? — tax reform.
Hurricane Maria left three and a half million Americans scrounging to find food, water, and electrical power. President Trump announced today he'll be heading to Puerto Rico to assess the damage and check on aid efforts. "It’s the most difficult job," he said. “It’s out in the ocean. You can’t just drive your trucks there from other states.” That's true! We'll talk about it. Then: Facebook touches two billion people around the world, and some in Congress are calling for regulations that would treat it more like a media company, but what would that even look like? Plus: A conversation with outgoing Vanity Fair editor (and long-time Trump enemy) Graydon Carter.
Congressional Republicans and the White House have promised they'll start filling in the blanks on their proposals to overhaul the tax code Wednesday, though you'd be forgiven if it escaped your notice. Anyway, the early glimpses we've gotten of the White House's plans have been a bit confusing, so we'll start today's show trying to sort it all out. Then: Critics have accused the government of being slow to respond to the devastation in Puerto Rico, but one industry is watching very closely: Big Pharma. More than a quarter of all the drugs we export are made in the territory. Plus, Nebraska has more refugees than any other state in the country per capita. Today we'll take a look at Yazidis, a religious minority in Iraq that has found a second home in Lincoln.
When Senator John McCain announced he'd vote no on the latest GOP replacement for Obamacare, he said: "The specter of September 30th budget reconciliation deadline has hung over this entire process," and he's right. We keep hearing about how Republicans need to get something done by the end of the month, and we'll start today's show with the health care drama and the legislative mechanism driving it. Then: Aaron Hernandez's autopsy result showed severe brain damage, and it's just the latest in a string of injury revelations for the NFL, but what effect will they really have on the league's $14 billion business? Plus, the latest bad news for Uber.
The drip-drip-drip of news about Russia and the 2016 election continues today. A week or so ago, Facebook said it sold about $100,000 worth of ads to a so-called Russian "troll farm." Today, the company announced it would show the ads to the government. Meanwhile, the company is working to improve its advertising process after ProPublica revealed users could target ads with anti-Semitic keywords. We'll start today's show by explaining all the fires Facebook is fighting. Then: all of Puerto Rico is still without power today, and it could take months to restore service. The utility was already $9 billion in debt. Plus: Google's latest hardware play.
Federal Reserve Chair Janet Yellen gave an update on the economy today, and we'll start the show with the highlights and translated Fed-speak. Then: the latest — and likely last, but who knows anymore — Senate attempt at repealing Obamacare is the Cassidy-Graham bill. It takes the money the federal government spends on Obamacare, and gives it directly to the states to do what they want with it. It's called a block grant, and it sounds simple enough, but it's not. We'll look at how they've worked in the past. Plus: Checking in with a family of Syrian refugees, one year later.