Dec 21, 2017

12/21/2017: The GOP tax bill could be a game changer for retail

Shoppers enter a Nordstrom store Scott Olson/Getty Images

(U.S. Edition) The GOP tax bill is almost a done deal, with both the House and Senate passing it this week. While it's received criticism over how much it'll actually benefit American taxpayers, retail is one sector that could stand to benefit. We'll examine how the overhaul could be advantageous for the Nordstroms and JCPenneys of the country. Afterwards, we'll discuss why the U.S. is upholding a 300 percent tariff on aircraft maker Bombardier, and then look at how how low-income communities in Florida are still struggling in the aftermath of Hurricane Irma.

Segments From this episode

Florida's uneven recovery from Hurricane Irma

by Mitchell Hartman

Dec 21, 2017

Low-income communities face a long road ahead while in more affluent areas, homeowners can rely on insurance payouts to rebuild.

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Tax plan relief will hit retailers that could use a break

by Renata Sago

Dec 21, 2017

The effective tax rate of many retailers has been just over 30 percent. The new tax bill could help them have more to spend on getting more competitive, in stores and online, as brick-and-mortars suffer. Click the above audio player to hear the full story.

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Some Republicans point to North Carolina's 2013 tax cuts as a model, but the state faces budget shortfalls

by James Morrison

Dec 21, 2017

North Carolina drastically cut corporate and income taxes in 2013, similar to today’s GOP tax plan in Congress. Corporate and income tax cuts created more jobs in North Carolina. But revenue shortfalls loom.

A general view of Charlotte, North Carolina's skyline.

Streeter Lecka/Getty Images

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(U.S. Edition) The GOP tax bill is almost a done deal, with both the House and Senate passing it this week. While it’s received criticism over how much it’ll actually benefit American taxpayers, retail is one sector that could stand to benefit. We’ll examine how the overhaul could be advantageous for the Nordstroms and JCPenneys of the country. Afterwards, we’ll discuss why the U.S. is upholding a 300 percent tariff on aircraft maker Bombardier, and then look at how how low-income communities in Florida are still struggling in the aftermath of Hurricane Irma.