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Tax Scholar Evaluates The Republican Tax Plan's Impact09:36Download

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President Trump holds an example of what a new tax form may look like during a meeting on tax policy with Republican lawmakers including House Speaker Paul Ryan of Wis., and Chairman of the House Ways and Means Committee Rep. Kevin Brady, R-Texas, right, in the Cabinet Room of the White House, Thursday, Nov. 2, 2017, in Washington. (Evan Vucci/AP)MoreCloseclosemore
President Trump holds an example of what a new tax form may look like during a meeting on tax policy with Republican lawmakers including House Speaker Paul Ryan of Wis., and Chairman of the House Ways and Means Committee Rep. Kevin Brady, R-Texas, right, in the Cabinet Room of the White House, Thursday, Nov. 2, 2017, in Washington. (Evan Vucci/AP)

Congress' Joint Committee on Taxation says the Republican plan to cut corporate taxes to 20 percent from 35 percent will cost about $850 billion over the next decade.

How will the government make up for the lost revenue, and how will the middle class fare under the plan? Here & Now's Jeremy Hobson speaks with George Yin, professor of law and taxation at the University of Virginia who formerly served as the committee's chief of staff.

This segment aired on November 3, 2017.

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