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How The GOP Tax Bill Could Affect Massachusetts Residents14:00
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In this Jan. 14, 2017, photo, tax forms sit on a desk at the start of the tax season rush, inside the offices of tax preparation firm Infinite Tax Solutions, in Boulder, Colo. (Brennan Linsley/AP)MoreCloseclosemore
In this Jan. 14, 2017, photo, tax forms sit on a desk at the start of the tax season rush, inside the offices of tax preparation firm Infinite Tax Solutions, in Boulder, Colo. (Brennan Linsley/AP)

Republicans in Washington are poised to pass a major rewrite of the tax code. A final vote is expected this week, in time for the president to sign it into law by Christmas.

As President Trump boarded a helicopter this weekend for Camp David this weekend, he praised the Republican efforts.

The bill would cut taxes on corporations and wealthy Americans, and provide temporary benefits for low and middle income Americans, while adding a trillion and a half dollars to the national debt.

But what does this mean in high earning, and high cost, states like Massachusetts?

Guest

Ira Stoll, Boston-based editor of the FutureofCapitalism.com, and author of the book "JFK, Conservative." He tweets @irastoll.

Noah Berger, president of the Massachusetts Budget and Policy Center, which tweets @massbudget.

This segment aired on December 18, 2017.

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