Podcast: Pitfalls Under New Tax Law

CQ Budget, Episode 56

Next year's tax obligations under the new law could surprise some taxpayers if they don't act this year. 

With tax day on Tuesday, CQ budget and tax editor Peter Cohn takes a look at the impact the new tax law will have on individual taxpayers and the broader economy.  Republican proponents say the tax overhaul will spur economic growth, but it is likely to also boost the country's debt and catch some taxpayers off guard, explains Cohn. 

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