House Dems Say GOP Tax Bill Is a 'Fiscal Mess'

The transcript discusses the Republican tax bill, known as the Tax Cuts and JOBS Act, and recent revisions introduced by Kevin Brady. These changes, including those affecting carried interest tax breaks, have sparked partisan tensions. Democrats, who are unlikely to support the bill, have expressed strong opposition. The transcript also highlights expected changes throughout the week, with a focus on business implications, such as those for smaller businesses and international base erosion. Concerns from tech and pharma sectors are noted, and ongoing adjustments to the bill are anticipated.

What is the significance of the carried interest tax break mentioned in the text?

What are the potential impacts of the international base erosion provisions on U.S. companies?