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 expected outcome of the bill according to Speaker Paul Ryan?

What is the significance of the individual mandate in the context of this bill?