Lobbying is the word of the day as we look toward the rest of Congress' year. Tax policy might be the only issue that affects more Americans than health care, and if you thought the fight over Obamacare was intense, you ain't seen nothing yet. Then, we'll look at Facebook and Twitter, who are both in hot water with lawmakers over Russian interference in the 2016 election. Later, we'll examine the rebuilding effort in Puerto Rico and what debt's got to do with it. Plus, we'll talk about President Donald Trump's tax cut in the Weekly Wrap.
As tax week marches on, ranking Republicans in Congress and the White House are busy talking up their reform proposal. We'll do some fact-checking around who wins and who loses, then tackle all the potential changes to the corporate tax code. After that, we'll look at how one Los Angeles neighborhood group is fighting off gentrification by buying its own building. Plus: The second half our conversation with Microsoft CEO Satya Nadella.
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.