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Money Talking

Updated 7 days ago

Society & Culture
News
Business News
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Go beyond the headlines and economic jargon for a look at what’s happening in the business world and in the workplace – and why it matters in your life.

Read more

Go beyond the headlines and economic jargon for a look at what’s happening in the business world and in the workplace – and why it matters in your life.

iTunes Ratings

91 Ratings
Average Ratings
43
23
8
2
15

Tax Shocker

By Giggy Ignati - Mar 20 2019
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Heather Long's recent assertion that most people will be paying less in taxes - I want to see some real data to back that one up. I did my taxes. I live on a fixed income. My gross tax amount on the same level of income went up by 28%. That's not what was withheld. That is how much more in taxes I will be paying in 2018 than I did in 2017. Go check your data and get back to me.

good show

By FlokiFan420 - May 18 2015
Read more
i really like the episodes about workplace psychology and human behavior

iTunes Ratings

91 Ratings
Average Ratings
43
23
8
2
15

Tax Shocker

By Giggy Ignati - Mar 20 2019
Read more
Heather Long's recent assertion that most people will be paying less in taxes - I want to see some real data to back that one up. I did my taxes. I live on a fixed income. My gross tax amount on the same level of income went up by 28%. That's not what was withheld. That is how much more in taxes I will be paying in 2018 than I did in 2017. Go check your data and get back to me.

good show

By FlokiFan420 - May 18 2015
Read more
i really like the episodes about workplace psychology and human behavior

Listen to:

Cover image of Money Talking

Money Talking

Updated 7 days ago

Read more

Go beyond the headlines and economic jargon for a look at what’s happening in the business world and in the workplace – and why it matters in your life.

Wall Street Swipes Right for Donald Trump

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During his presidential campaign, Donald Trump attacked Wall Street and in turn, Wall Street gave him little support. But now, bankers and financiers are warming up to the president-elect.

Nov 18 2016

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Rolling Back Bank Regulations

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The Trump administration is proposing to revise and change financial regulations put in place after the Great Recession. House Republicans want to go even further.

Jun 16 2017

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Rising Stocks and the Trump Effect

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Wall Street seems unfazed by the issues that have surfaced in the Trump administration — but even as stocks reach record highs, should Americans brace for a drop?

Mar 10 2017

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Hating on Uber

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From claims of sexual harassment to allegations it stole self-driving technology, the company and its CEO are having a tough couple of months.  

Mar 03 2017

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Follow the (Russian) Money

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How details about the investigations into Russia’s interference in the U.S. presidential election suggest financial motives as well as political ones.

Jul 28 2017

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Student Debt: Can't Live with It, Can't Go to School Without It

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With the deadline for high school seniors to pick a college approaching, students — and their parents — are considering how to pay for the financial burden of higher education. 

Apr 07 2017

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Trump Tax Cuts on the Horizon

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With a repeal of Obamacare slowing down and a trillion dollar infrastructure plan up in the air, tax reform might the promise Donald Trump can make good on this year.

Feb 17 2017

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Bumpy Road Ahead for Trump and the Federal Reserve

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The bank says there's "considerable uncertainty" figuring out how Trump's economic agenda will affect the economy. Is it headed for a possible collision with the new President?

Jan 06 2017

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Obamacare in Trouble…Again

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If you go by the latest headlines, it seems like the future of the Affordable Care Act could be in jeopardy. Are things that bad? 

Oct 28 2016

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The Economy Obama Leaves Behind

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A look at the economic successes and failures of the Obama Administration, eights years after inheriting one of the country's worst recessions.

Jan 13 2017

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How to Pitch Your Great Idea

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Once you've finally come up with that brilliant idea, here's a way to get people excited about it.

Sep 08 2016

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Wells Fargo, Banking Culture and What Could Be Next

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Another bank in the headlines, paying millions of dollars in fines to settle charges of illegal banking practices.

Sep 16 2016

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Sssh! They’re Listening: The Fight to Be Your Digital Assistant

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Amazon's got Echo. Apple has Siri. Microsoft calls it Cortana. And Google has Assistant. They're all fighting to be a part of your life, on your phone and in your home.

Oct 07 2016

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The Trials and Tribulations of Wells Fargo

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The bank's CEO faced a second round of criticism on Capitol Hill, trying to explain why thousands of his former employees were accused of illegal banking practices.

Sep 30 2016

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On to the Next One. Trump’s New Focus: Tax Reform

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Since the spring, the Trump administration has made big promises to reform the tax code. As some of the proposals are disclosed, who will benefit and how will it be paid for?

Aug 25 2017

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Eight Months In, What Trump Has Been (Un)Doing

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The President has been criticized by some for not fulfilling his agenda, but he has been busy, at least when it comes to reversing the actions of previous presidents.

Sep 08 2017

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#MeToo and Wall Street’s ‘Black Hole’

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An investigation into sexual harassment cases handled by the body that oversees workplace misconduct of securities brokers found a troubling track record.

Apr 20 2018

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Worst Kept Secret in College Basketball?

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This week, federal prosecutors hit the world of college basketball with allegations of bribery, corruption and fraud. Is this just the tip of the iceberg?

Sep 29 2017

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Trump's Plan to Pay for Roads and Highways

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While FBI Director James Comey led the headlines this week, President Donald Trump spent his time promoting his infrastructure plan and how he'll pay for it with private investments.

Jun 09 2017

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When Debt Became King

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In his play, "Junk," Pulitzer Prize-winner Ayad Ahktar shows how influential the decisions made on Wall Street in the 1980s have been on modern finance. 

Nov 03 2017

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Subway’s franchisees allege corporate mismanagement

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The largest fast-food company in the world -- with about 24,000 stores -- was once known for its rapid expansion mindset. Now, Subway is closing stores faster than ever and pushing out franchise owners in the process.

In a recent report by the New York Times, franchisees across the country said that seemingly tiny violations, like cucumbers cut too thick and smudges on glass doors, have cost them their businesses. And when they try appeal to Subway's corporate leadership? They rarely get a response.  

This week on Money Talking, guest host Ilya Marritz talks to Tiffany Hsu, a business reporter at the New York Times who co-reported the piece, about how Subway's efforts to scale back have impacted franchisees.

Jul 19 2019

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Is a New Space Race on the Horizon?

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Next week marks fifty years since Neil Armstrong took “one small step” on the moon’s surface. The Apollo 11 mission was an historic voyage, fulfilling President John F. Kennedy’s goal of reaching the moon by the end of the 1960s. More than half a billion people watched the astronauts live on television. But in the years that followed, America’s interest and commitment to space exploration largely disappeared. 

Yet the country’s ambitions in space are far from over. In March of this year, Vice President Mike Pence expressed a renewed sense of urgency.

“Make no mistake about it — we're in a space race today, just as we were in the 1960s, and the stakes are even higher,” he told attendees at a meeting of the National Space Council in Alabama.

At the same meeting, Pence presented a new timeline for landing humans on the moon again: Within the next five years, four years sooner than the administration's initial timeline of 2028, leaving some to wonder if a new space race could be on the horizon.  

This week on Money Talking, Charlie Herman talks to Tim Fernholz, a reporter at Quartz covering space and author of Rocket Billionaires: Elon Musk, Jeff Bezos and the New Psace Race, about the latest chapter of space exploration.

Jul 12 2019

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From Wall Street to Walmart, Businesses Embrace Pride

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This weekend marks the 50th anniversary of the Stonewall Riots and the birth of the modern gay rights movement in this country. Over the intervening years as attitudes towards LGBTQ people have changed, corporate America has taken note. Whether it's McDonald's selling special-edition “Pride Fries” or Walmart’s (online) Pride Shop, companies have very publicly been displaying support for the community over the last few years.

It’s a dramatic shift from the days of Anita Bryant and Florida orange juice or companies like Wendy’s pulling their advertisements after Ellen came out on her sitcom. The greater acceptance of the LGBTQ community has presented an opportunity for businesses. While some take issue with companies commercializing this weekend's pride events, it’s hard to ignore how much mainstream businesses have embraced LGBTQ culture and consumers.

This week on Money Talking, Charlie Herman talks to Jim Ellis, assistant managing editor at Bloomberg Businessweek, about the business of pride past, present, and future.

Jun 28 2019

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Business Leaders Find A Friend in Trump

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How a little known group of business leaders is influencing the administration's policies on trade, business and the economy.

Jun 21 2019

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Murder! Scandal! Bankruptcy! The History of the Plaza Hotel

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Since its opening in 1907, the story of the hotel has been the story of New York: a history littered with colorful guests, financial uncertainty, and a controversial transformation.

Jun 14 2019

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The Debate Over Rent Regulations

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With just a few weeks left in the New York State legislative session, the future of rent regulations is still uncertain.

Jun 07 2019

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Trump Targets Huawei

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The president has effectively banned U.S. companies from doing business with the Chinese telecom giant. What it means for national security, trade, our phones, and more.

May 31 2019

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'Rabbit' Runs Away With Record Sales Price

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A three-foot tall, stainless steel rabbit by Jeff Koons set the art world abuzz after selling for a record $91.1 million at auction. What does it tell us about the economy?

May 24 2019

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Where Things Stand Between the U.S. and China Over Trade

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President Donald Trump has stymied hopes of a trade deal by raising tariffs on Chinese goods. In retaliation, China put additional tariffs on U.S. goods, causing the stock market to plunge that day. The Trump administration responded to that by taking steps to implement tariffs on even more Chinese products.

So, who’s winning the trade war?

Trump’s approach could signal a historic shift in U.S. policy which has largely encouraged free trade around the globe. The casualties of this fight could include American farmers, the Chinese companies, and the U.S. economy and consumers. But it might also lead to changes in how U.S. companies conduct business in China.

This week on Money Talking, POLITICO Chief Economic Correspondent Ben White talks to host Charlie Herman about how much these escalating tensions should concern us.

May 17 2019

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Hey, Big Spender: Presidential Candidates And The Race to Raise Money

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Recent financial reports filed by the 2020 presidential candidates show vastly different amounts of money raised in varying amounts from many different sources. Some candidates are focusing on small donors, others are turning to high-dollar bundlers and some are dipping into their own bank accounts.

For example, Senator Elizabeth Warren raised raised $6 million in three months for her campaign, while Joe Biden and Beto O’Rourke each raised that much in just a day. Yet with more than a year to go until the 2020 election, how much will the money they raise today matter in the long run?

This week on WNYC’s Money Talking, host Charlie Herman talks to CNN national political writer Fredreka Schouten and The Washington Post national political reporter Michelle Lee about the candidates’ funds so far and their chances in the long run.

May 10 2019

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Field of Presidential Dreams

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After months and months of speculation, former Vice President Joe Biden announced he’d be running for president in 2020. Already an early frontrunner, Biden joins a crowded field of potential Democratic nominees. There are now more than 20 candidates running, from policy wonk Elizabeth Warren to newcomer Pete Buttigieg to 2016 veteran Bernie Sanders.

The Iowa caucuses are nine months away and if everyone stays in the race, it could challenging for voters to keep track of where the candidates stand on critical policy issues like healthcare, taxes, and climate change.

This week on Money Talking, WNYC's Charlie Herman talks to Rick Newman, senior columnist for Yahoo Finance, about some of the fiscal policies being put forth by the Democratic contenders — and what they might mean for your pocketbook. 

May 03 2019

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The Marvelization of Hollywood

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"Avengers: Endgame" is officially opened at movie theaters across the country. It’s the most highly-anticipated movie event of the year and is expected to set a new box office record. Iron Man, Captain America, Black Widow, and the whole Avengers crew are back to do battle with super villain Thanos after he wiped away half of the universe’s population with a single snap of his fingers in last year’s "Avengers: Infinity War."

The movie is the culmination of a groundbreaking superhero movie franchise that’s pushed out 22 films in 11 years, starting with the blockbuster "Iron Man" in 2008. With this movie, the so-called Marvel Cinematic Universe is expected to easily bring in more than $20 billion in global box office earnings. Love it or hate it, this franchise has become one of the most ambitious commercial endeavors in the history of Hollywood.

This week on Money Talking, Charlie Herman talks to Adam B. Vary, senior film reporter at BuzzFeed News, and Hunter Harris, associate editor at New York Magazine’s Vulture, about how the Marvel universe has changed the movie business.

Apr 26 2019

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Uber Maps Out Its Future

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Uber has taken its first steps to becoming a publicly traded company, following rival Lyft’s debut on the stock market last month. The initial filing from Uber reveals even more extensive details about the company's revenue, ridership and potential roadblocks.

The good? Ridership is up and Uber is expanding its food delivery service. The bad? The rid-hailing company is losing huge sums of money and faces steep competition.

This week on WNYC’s Money Talking, Charlie Herman talks to Aaron Elstein, Senior Reporter for Finance at Crain's New York Business and Maureen Farrell, IPO and markets reporter for the Wall Street Journal, about the latest information about Uber and what is says about the future of tech and driving.

Apr 19 2019

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Uncovering The Secrets of the Consulting Firm McKinsey

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Much of the way influential consulting firm McKinsey & Co. operates is shrouded in secrecy. But recent reporting by the New York Times has revealed some of the company’s secrets, including its involvement with controversial companies like Purdue Pharma, the maker of OxyContin, as well as foreign leaders and governments in Saudi Arabia and South Africa. Additional stories have focused on the firm’s hedge fund MIO and alleged failures to make required financial disclosures.

McKinsey has defended its work around the world. In a statement, the firm told the Times that “since 1926, McKinsey has sought to make a positive difference to the businesses and communities in which our people live and work.” 

This week on Money Talking, Charlie Herman talks with New York Times investigative editor Walt Bogdanich and investigative reporter Mike Forsythe about their reporting on the often hidden world of McKinsey and why it matters.

Apr 12 2019

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Paying to Drive in Manhattan

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New York City just became the first city in the country to implement congestion pricing. As part of the effort to ease traffic and raise money to fix public transportation, drivers entering Manhattan below 60th Street could pay between $10 and $15 per day for cars and possibly double for trucks. But how the system will work technologically, who might be exempted from paying the fees and how much they will actually raise are details that have yet to be decided. Cities like London and Stockholm have already implemented congestion pricing, but with mixed results. This week on Money Talking, Charlie Hermanand WNYC transportation reporter Stephen Nessen talk about the ways congestion pricing will cost you, and how it might pay off.

Apr 05 2019

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Google's Advertising Monopoly

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Advertising has become a big business for Big Tech—and it keeps getting bigger. Google now controls a whopping 91 percent of the search advertising market.

The tech giant’s monopoly means it’s almost impossible for businesses not to advertise with Google. That’s especially true if you’re a company that exists entirely online, like the ride-sharing app Lyft, or mattress brand Tuft & Needle. Lyft, for example, spent 92 million dollars on ads placed with Google last year. As a recent article in Bloomberg notes, that’s about 10 percent of Lyft’s 2018 net loss.

And if a business decides not to advertise on Google, a competing brand might buy its keywords and place an ad against them. It’s an advertising Catch-22.

This week on Money Talking, Ilya Marritz speaks with Jake Swearingen, a contributor for New York Magazine’s Intelligencer, about how Google came to dominate search advertising—and what it means for businesses and consumers alike.

Mar 29 2019

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Deal or No Deal, Time’s Running Out for Brexit

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It’s been nearly three years since a majority of people in the United Kingdom voted to leave the European Union. One of the arguments made by many Brexit supporters was to “take back control.” Lately, however, the opposite has been true as the process spirals out of control.

Britain was on track to leave the E.U. one week from today, but a last minute reprieve has given British Prime Minister Theresa May a new deadline of April 12, to come up with deal.

No matter when or exactly how Brexit occurs, analysts expect there will be financial and economic consequences for the country. Already, the uncertainty has hurt businesses and overall economic growth. 

This week on Money Talking, WNYC's Charlie Herman speaks with Eshe Nelson, economics and markets reporter at Quartz about the effects of Brexit on that nation's economy and its people. 

Mar 22 2019

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Extreme Makeover: Hudson Yards Edition

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Hudson Yards is officially open to the public. What was once the site of warehouses, tenements, and rail yards is now home to the largest development in New York City since Rockefeller Center. From the initial idea to the opening this week, it’s taken nearly 20 years— and $25 billion — to create the sprawling 28-acre megaproject on the west side of Manhattan.

The new neighborhood features supertall glass towers, luxury apartments, a high-end retail and restaurant hub, and a climbable honeycomb-like structure called the Vessel. And this is just phase one. Debuting in April, a new arts center called The Shed will be home to art galleries, concerts, and theater performances. There are also plans to build more public space, housing, and and even a new school. It’s a carefully-curated new neighborhood built from scratch.

This week on WNYC's Money Talking, Charlie Herman talks to Greg David, columnist at Crain’s New York Business, about the long road to the new Hudson Yards.

Mar 15 2019

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Trump and Tariffs: Was it Worth The Fight?

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It’s been about eight months since President Trump launched a trade war with China, and it looks like we might be approaching an agreement between the two nations.

Trump says that trade relationship with China has been unfair to the U.S. To force a change, he’s put in place punishing tariffs on Chinese goods to gain leverage. But that’s also punishing some in the U.S., like farmers, automakers manufacturers and even some consumers.

If the deal is made, the big question will be, was it all worth it? On this episode of Money Talking, Charlie Herman talks with Rick Newman, senior columnist for Yahoo Finance, about how the impact of the trade war and what, if anything, the deal will change.

Mar 08 2019

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Tax Season Shocker

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If you're depending on a tax refund this year to pay loans, make a down payment on a car or take a vacation, you might be out of luck.

According to the IRS, average refunds have been lower compared last year. If the trend continues, many Americans will end up with a smaller refund or worse — they may owe the government. Residents in high-tax states, like New York and New Jersey could see a bigger swing because President Trump's tax code overhaul capped deductions for state and local taxes.

But it doesn't mean people paid more taxes overall. The amount the IRS withheld from each paycheck was lower, so many people had a little more money each time they got paid. But it's a big change for those Americans who've become accustomed to pocketing some extra cash during tax season.

On this episode of Money Talking, Charlie Herman talks to Heather Long, economics correspondent for The Washington Post, about why this is happening and the political consequences it might have.

Mar 01 2019

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