There’s been a lot of criticism in California over the GOP tax bill.
Los Angeles City Controller Ron Galperin criticized the plan, writing that millions of Angelenos would see a negative economic impact, especially in the form of state and local tax deductions, affordable housing and home ownership.
The bill could be passed as early as Friday. Larry speaks to dueling economists to find out more on how the plan could impact California.
Guests:
Alan Auerbach, professor of economics and law and director of the Center for Tax Policy and Public Finance at UC Berkeley
Wayne Winegarden, senior fellow of business and economics at Pacific Research Institute; a free-market think-tank
