Economics & Economy

A helpful guide to wonky tax terminology

Nov 16, 2017

We throw around a lot of numbers here at Marketplace, but also a lot of names, groups and terms. In our ongoing coverage of the GOP plan to overhaul the tax code, there’s a bunch of wonky terminology floating around. Here’s a short glossary of some names and terms to know, and we’ll be adding to it. Suggestions for additions welcome!

THE NUMBER CRUNCHERS

Lots of different groups have weighed in on the cost and impact of the various versions of the tax plans and bills. Here are some of the major players.

A $3.9 billion merger that would combine Tribune Media and Sinclair Broadcasting is waiting in the wings. Sinclair is already the nation’s biggest broadcaster with 193 television stations and if the rules change, they’ll add 42 more, including in New York, Chicago and Los Angeles.

Click the audio player above to hear the full story. 

(U.S. Edition) With the House GOP set to vote today on its plan for American taxes, we'll chat with someone who's been through a big tax overhaul before: Gene Steuerle, who heads the non-partisan Tax Policy Center. He joined us to talk about the basic principles most people can agree with when it comes to tax reform. Afterwards, we'll talk to Marketplace regular Allan Sloan about how Congress' tax plans might affect none other than President Donald Trump.

 

(Global Edition) From the BBC World Service ... There are some fresh warnings today about serious risks facing China's economy. A senior government official told a conference in Beijing the country's financial sector needs quick reform to avoid crisis. Afterwards, a new study says many of the effects of climate change are inevitable, even if the world radically cuts carbon dioxide emissions now. Then, we hear from a French winemaker about the hype and history of Beaujolais Nouveau Day.

Toronto is building a billion-dollar mini smart city

Nov 16, 2017

Not all tech is in Silicon Valley. Many cities around the world are trying to grow their own industries. Recently, the city of Toronto partnered with Sidewalk Labs, a subsidiary of Alphabet, to build a billion-dollar mini smart city on its waterfront. Marketplace Tech host Molly Wood spoke with Mayor John Tory while he was in New York looking to increase tech investments. Below is an edited transcript of their conversation.

Molly Wood: How local is the local tech economy doing?

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