Tax Code Plan News Today : Breaking News, Live Updates & Top Stories | Vimarsana

After the largest rewriting of the nation's tax code in a generation. but the democrats see an opportunity, too, once americans read the fine print in the bill. it took nearly one year into the trump administration, but republicans in congress are on the verge of giving the president his first big legislative win, passing a tax reform package in the house, mostly along party lines. >> this is a day i've been looking forward to for a along time. >> reporter: house speaker paul ryan acknowledged the tax code plan has yet to win over the public, but blames others for that. >> look, when you have ...

The expansion on the affordable care act, and she's put in a diceyer situation now in repealing the mandate which would repeal that expansion. she was already opposed to some of the health care stuff and now this gives her all the more reason to not be onboard with the tax code plan in a situation where they are already narrow margins in the senate. >> it's a great point. she said just yesterday about this, i think it complicates tax reform. not a ringing endorsement of adding this in in the final hours. in the headlines today, a regional chair in the finance committee, and he quit his job aft...

the united states is ready for the challenge. >> as we've discussed, the united states and china will continue to compete and as americans, we welcome competition it's part of our dna and propels our citizens to rise to the challenge. cooperation as you and i have spoken about, can only be mutually beneficial if the game is fair. >> perhaps we welcome competition, but are we ready for it? business professor peter navarro is the author of the book "death by china." peter vice president biden says the u.s. welcomes competition. you say china is using in your word, quote, weapons of job...

mohammed ceo of pimco and alexis glick has experience working on wall street and covering it and the ceo of the gen youth foundation. diane, start with you, bottom line, are there lessons from 2008 that can be applied today to avert another global financial crisis? >> well, we're already seeing them applied. the fact that central bankers are not really talking to each other before the financial crisis actually emerged in august of 2007 or july of 2007 was a major detriment to them dealing with it know and it became a shock in august of 2007 and they really didn't have the communicati...

2008. central banks are taking coordinated actions to avoid a ledge mat threat of a credit freeze the likes of which we haven't seen since after the days of lehman's collapse in 2008. we all remember what happened then. the credit freeze closed businesses, factories, wipes out millions of jobs around the world. diane, let me start with you. bottom line, are there lessons from 2008 that can be applied today to avert another global financial crisis? >> well, we're already seeing them applied. the fact that central bankers are not really talking to each other before the financial crisis...