The Senate is moving ahead with tax reform, as Republicans including John McCain and Jeff Flake — who were thought to be on the fence — have decided to support the GOP plan.
Conflicts still exist over whether the proposal gives too many breaks to the wealthy and not enough to the middle class, and whether it will grow the federal deficit.
One aspect we wanted to look at is the tax implications for companies with intellectual property that they’ve moved offshore.
To learn more, I’m joined by Kimberly Clausing, professor of economics at Reed College.
