Trump, Republicans Advance U.S. Tax Reform Plan

The transcript discusses the ongoing tax reform efforts in Washington, focusing on President Trump's agenda and the Republican push for tax reform. It highlights the challenges faced, such as the 401K and state taxes, and the implications for asset managers. The discussion also covers the benefits of the tax proposal, emphasizing its impact on the wealthy and middle class, and the potential changes in tax brackets.

How does the administration justify the tax proposal benefiting the wealthy?

What changes to tax brackets are being considered in the proposal?