Marketplace Morning Report

(Markets Edition) With Republicans racing to approve legislation that would overhaul America's tax system, we'll hear from Diane Swonk — CEO of DS Economics — about the math behind the plan. These tax cuts could end up adding to the deficit, which Swonk says will create "liabilities" for future generations. Afterwards, we'll chat with Douglas Holtz-Eakin, a prominent economist and the policy director for John McCain when he ran for president in '08, about why he thinks cutting the corporate tax rate could help increase wages. And finally, we'll look at why more Americans are expected to travel this Thanksgiving than in previous years.

(U.S. Edition) The Republican tax overhaul — which calls for a reduced corporate tax rate of 20 percent — has now passed in the House. There's been a lot of debate over how much this bill will help American taxpayers. One noted economist who argues that it won't: Jeffrey Sachs, who joined our show today. Sachs, a Columbia University professor who helped engineer the Soviet Union's transition to a market economy, said  "we're talking about gifts to David and Charles Koch, to Sheldon Adelson, to Robert Mercer. This is not reform. This is a heist." Afterwards, we'll look at reports that President Trump may appoint Budget Director Mick Mulvaney as head of the Consumer Financial Protection Bureau. What would this mean for the future of the agency?

(Global Edition) From the BBC World Service … The CEO and executives from Japan’s second-biggest car-maker Nissan plan to return part of their pay, following an investigation into a vehicle inspection scandal that led to the recall of 1.2 million cars. Afterwards: the credit ratings agency Moody's has upgraded India for the first time in nearly 14 years, putting one of the world's fastest growing economies on par with the Philippines and Italy.  Then we hear from the Indian city of Mumbai about the ongoing struggle for latrine provisions ahead of World Toilet Day this weekend.

(Global Edition) From the BBC World Service ... There are some fresh warnings today about serious risks facing China's economy. A senior government official told a conference in Beijing the country's financial sector needs quick reform to avoid crisis. Afterwards, a new study says many of the effects of climate change are inevitable, even if the world radically cuts carbon dioxide emissions now. Then, we hear from a French winemaker about the hype and history of Beaujolais Nouveau Day.

(U.S. Edition) With the House GOP set to vote today on its plan for American taxes, we'll chat with someone who's been through a big tax overhaul before: Gene Steuerle, who heads the non-partisan Tax Policy Center. He joined us to talk about the basic principles most people can agree with when it comes to tax reform. Afterwards, we'll talk to Marketplace regular Allan Sloan about how Congress' tax plans might affect none other than President Donald Trump.

(Markets Edition) Amid Walmart's announcement that quarterly earnings exceeded expectations, we'll take a look at how the retail giant has been trying to find that sweet spot between saving shoppers money and making enough money for itself. Afterwards, we'll talk to the Washington Post's Helaine Olen about what America's proposed tax overhaul could mean for our personal finances. Then, we'll focus on Zimbabwe to learn more about the house arrest of 93-year-old Robert Mugabe, the country's president of 37 years.

(U.S. Edition) Republicans are looking for ways to pay for the tax cuts they're proposing. One of them: repealing the Obamacare mandate that individuals have to buy insurance. We'll do the math on how that would work. Afterwards, we'll discuss how medium-sized banks are downsizing to escape the Federal Reserve as one of their regulators, and then talk with art critic Blake Gopnik about a Leonardo da Vinci painting that could sell for more than $100 million tonight.

(Markets Edition) Senate Republicans are looking to repeal Obamacare's mandate that people have to sign up for health insurance. We'll look at how much money they could stand to save by slashing it, and whether healthier people will still buy insurance. Afterwards, we'll chat with Susan Schmidt, senior portfolio manager for Westwood Holdings Group, about why there's been a back-to-back decline in stocks. Then to cap off today's show, we'll discuss how Mexico has been coping after two devastating earthquakes in September.

(Global Edition) From the BBC World Service … Ninety-three-year-old Robert Mugabe has ruled Zimbabwe for 37 years, but now South Africa's president has confirmed he is under house arrest. We chart the country's economic decline under Mugabe, and ask what his removal from power could mean for the country's future. Afterwards, figures out today from the U.N. show opium poppy cultivation in Afghanistan is up 40 percent. We hear from Afghanistan about the thousands of young children addicted to the drug.

(Markets Edition) With the House and Senate continuing to work out the details of their tax plans, we'll take a look at what their proposed cuts would mean in a tight labor market like this. David Kelly, chief global strategist at JP Morgan Funds, explains why the cuts could end up worsening the trade deficit, but potentially lead to higher wages. Afterwards, we'll look at the White House's push for cleaner fossil fuels and natural gas (while many other countries are focused on renewables), and then discuss how island nations like Kiribati are preparing for a future without land because of climate change.