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Republican Tax Overhaul Update with James Hines Jr.
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Congressional Republicans and President Trump are pushing a tax overhaul bill they claim will help middle class Americans and won't add to the federal deficit. The proposal includes big corporate tax cuts, doubling the standard deduction, removing some tax deductions and simplifying the tax brackets. Host Dan Loney talks with James Hines Jr., Research Director at the Office of Tax Policy Research at University of Michigan's Ross School of Business, to discuss who will truly benefit by the plan, who will be hurt by it, and the chances it will pass on Knowledge@Wharton.
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