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Republican Plan Delivers Permanent Corporate Tax Cut

Tony Katz and Guests Break Down The Specifics; Who Wins, Who Loses

(photo credit: Drew Angerer/Getty Images)

Republican lawmakers unveiled their revised tax code legislation Thursday, outlining a plan that will deliver a significant tax cut for corporations and savings for middle-class families, but places limits on the mortgage interest deduction and the state and local tax deduction.

“With this plan, we are making pro growth reforms, so that yes, America can compete with the rest of the world,” said House Speaker Paul D. Ryan of Wisconsin.

WIBC host Tony Katz spoke with several economic and political experts Thursday, who were able to drill down on the specifics of the plan and which Americans are likely to receive the most financial relief under the proposed legislation.

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