Fact-Checking the GOP Tax Plan

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Republican lawmakers are extremely close to officially passing their ambitious tax plan. 

After midnight, the Senate passed the bill with a party line 51-48 vote. The House will vote again today for procedural reasons, but the bill should pass easily.

There’s been a lot said about the plan over the past few weeks and months. Inside the bill are trillions in tax cuts, an increase to deficit of $1.5 trillion over a decade, and 16 other key provisions that would ultimately affect millions of Americans.

Republicans claim the tax bill will pay for itself, that taxes will be easier to file under this plan, and that the plan will bring back American jobs. Democrats say the legislation will unravel the Affordable Care Act, lead to deep cuts for social programs, and will primarily benefit the richest people in the nation.

So what's true, and what's not? For answers, we turn to Daniel Shaviro, Wayne Perry professor of taxation at New York University School of Law. 

This segment is hosted by Todd Zwillich