"Balance of Power: Late Edition" focuses on the intersection of politics and global business. On today’s show, Rep. Nicole Malliotakis (R) New York discusses the timeline of the GOP’s Trump Tax Bill and whether or not the bill will be ready to go around Memorial Day. Michael Faulkender, US Deputy Treasury Secretary, states the Trump Administration has inflation under control. Erica York, Tax Foundation Vice President of Federal Tax Policy, talks about the price of the Tax Bill and who benefits most from the proposed legislation.
Chapters:
00:00:00 – Balance of Power Begins
00:02:30 – Bloomberg’s Megan Scully on GOP Tax Bill Progress, Will Bill Get Through Budget Committee
00:03:59 – Rep. Nicole Malliotakis (R) NY on SALT Cap Pushes to $30K, Timeline of Tax Bill, Trump Tax Cuts Extended, Debt Ceiling
00:13:18 – Bloomberg’s Annmarie Horden on Key Takeaways From Pres. Trump Visit to Abu Dhabi
00:15:54 – Michael Faulkender, US Deputy Treasury Secretary, on Inflation, Trump Tariffs & Potential Price Hikes, Debt Ceiling & X Date
00:23:50 – Erica York, Tax Foundation Vice Pres. of Fed. Tax Policy, on $30K SALT Cap, Price Tag of Tax Bill, Who Benefits From Tax Bill
00:33:48 – Bloomberg’s Greg Stohr on SCOTUS Hearing Arguments Involving Birthright Citizenship
00:35:57 – Political Panel Reaction to SALT Cap, Tax Bill Spending Issue, President Biden in Spotlight After Reported Decline
00:44:06 – Washington Lookahead: Budget Committee Starts Tax Bill Markup
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