The new House tax reform bill is supposed to save money for "average" Americans. Speaker Paul Ryan calls the new Republican tax cuts "a windfall for the middle class." Democratic Minority Leader Nancy Pelosi disagrees. "They have started to unveil a tax bill designed to plunder the middle class in order to put into the pockets of the wealthiest one percent more money." The battle between "special interests" is already under way, with the stakes high for the rich, the very rich, the middle class and the poor — for Red States and Blue States — for businesses big and small.
After years of promises, Republicans fill in the blanks
Aaron Lorenzo - Politico - @AaronELorenzo, Felicia Wong - Roosevelt Institute - @FeliciaWongRI, Peter Morici - University of Maryland - @pmorici1, Rachel Schneider - Center for Financial Services Innovation - @RachelSchneider