PwC's Lieber on Differences That Could Derail Tax Reform

The transcript discusses the changes needed in the Senate bill, focusing on state and local tax deductions. It highlights the momentum for the bill in the House and potential concerns in the Senate, such as the deficit and individual mandate repeal. The impact on individuals, including tax cuts and corporate competitiveness, is examined. The discussion also covers health care implications and the opposition to the individual mandate.

What is the main difference between the House and Senate versions of the bill?

• Corporate tax rate

• State and local tax deduction

• Individual tax rates

• Healthcare provisions

What is one of the key benefits of the bill for US businesses?

• Increased competitiveness

• Reduced investment

• Higher corporate tax rates

• Increased tariffs

How does the bill aim to impact wages and jobs in the US?

• By increasing individual tax rates

• By reducing corporate taxes

• By increasing tariffs

• By cutting healthcare benefits

What is a major concern critics have about the bill?

• More government spending

• Increased corporate taxes

• Higher individual tax rates

• Implications for healthcare

What is the stance of House and Senate Republican members on the individual mandate?

• They oppose it

• They are divided

• They support it

• They are indifferent