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'Today' co-anchor Savannah Guthrie along with host Hoda Kotb announced his departure at the beginning of the show. Here is the full transcript.

'Today' co-anchor Savannah Guthrie along with host Hoda Kotb announced his departure at the beginning of the show. Here is the full transcript.

What the Experts Are Saying About Outsourcing and the GOP Tax Bill

We know the Republican tax plan favors the super-rich and the wealthy corporations over working people. One of the many ways it will hurt working people is by setting up a territorial tax system, under which the active income of U.S. companies earned offshore will no longer be subject to U.S. taxes. This will further entice U.S. multinationals to shift their jobs and profits overseas.

But don't take our word for it. Here's what the experts are saying about outsourcing and the Republican tax bill:

Jared Bernstein, senior fellow, Center on Budget and Policy Priorities; former chief economist to Vice President Joe Biden:

“The Republican tax plan….is likely to lead to more outsourcing of U.S. jobs and a larger trade deficit. The tax plan moves to what’s called a territorial system of international taxation, which means the U.S. tax rate on the overseas earnings of U.S. foreign affiliates would become zero.”

Rebecca Kysar, professor of law, Brooklyn Law School:

“A pressing goal of tax reform is to reduce the incentives for companies to move their...

Howell E. Donaldson III, 24, was taken into custody in Tampa's Ybor City on Tuesday after police say he was holding a gun linked to the four killings.