Tax Reform Not Likely Until 2018, Says Michael Zezas

The video discusses a U.S. policy plan, its potential impacts on business, markets, and the economy, and the likelihood of its implementation. The timeline is expected to extend beyond initial Republican estimates. Financial implications include a significant deficit, requiring moderation of the plan. A key issue is the state and local tax deduction, affecting both Democrats and Republicans. Alternatives like tax credits and deductions are considered, with potential impacts on constituents.

What are the likely effects of the proposed plan on business and the economy?

What is the primary problem identified with the framework laid out yesterday?

What does the Senate's agreement to accommodate about $1.5 trillion in deficits imply for the proposed plan?

How critical is the state and local tax deduction to the success of the proposed plan?

What are some potential alternatives to the proposed tax cuts mentioned in the discussion?