U.S. Tax Increase Would Undermine Business, Bolten Says

Josh Bolten, CEO of the Business Roundtable, discusses the current political climate, focusing on Democratic efforts to reach a compromise on a reconciliation package. He highlights concerns about a proposed $1 trillion corporate tax increase, which could undermine U.S. business competitiveness. Bolten emphasizes the importance of addressing climate change through market-driven solutions like a carbon tax, while also supporting government investments in infrastructure. He warns against overly prescriptive regulations and advocates for a global minimum tax to ensure fair competition.

What is Josh Bolten's current role?

• President and CEO of the Business Roundtable

• Chief of Staff to President George W Bush

• Head of the Office of Management and Budget

• CEO of a $7 trillion company

What is the Business Roundtable's position on climate change?

• They believe it is not man-made

• They acknowledge it and support a legislated price on carbon

• They are indifferent to climate change

• They deny climate change

Why is the Business Roundtable opposed to the proposed corporate tax increase?

• It would only affect small businesses

• It would have no impact on U.S. businesses

• It would undermine U.S. business competitiveness

• It would enhance U.S. business competitiveness

What does the Business Roundtable suggest as a solution to climate issues?

• Relying solely on renewable energy

• Ignoring the problem

• Market-driven innovations with a carbon price

• Strict government regulations

What is the Business Roundtable's view on government spending for climate initiatives?

• They oppose all government spending

• They support investments in research and infrastructure

• They believe only private sector should invest

• They think it's unnecessary

What is the potential impact of the proposed tax increase compared to the Trump tax cuts?

• It is smaller than the Trump tax cuts

• It is roughly three times larger

• It is slightly larger

• It is the same size

What is the Business Roundtable's stance on a global minimum tax?

• They oppose any global tax

• They support a global minimum tax

• They are indifferent to global tax discussions

• They want a higher global tax than proposed