Bolten Says 15% Tax Rate May Be 'Tremendous Igniter'

The transcript discusses the administration's engagement in a substantive tax reform plan, highlighting the potential economic benefits of reducing the corporate tax rate and switching to a territorial system. The Business Roundtable, representing major CEOs, supports the reform despite concerns about funding and fiscal responsibility. The discussion emphasizes the importance of negotiation and collaboration with Senate and House leadership to achieve successful tax reform.

What was a key issue with the administration's approach to healthcare reform that they are trying to avoid with tax reform?

• Over-reliance on technology

• Lack of public support

• Insufficient early engagement

• Too many policy changes

What is one of the main goals of the proposed tax reform?

• Eliminate all business taxes

• Switch to a territorial taxation system

• Increase corporate tax rates

• Introduce a flat tax for individuals

How does the proposed 15% corporate tax rate compare internationally?

• Lower than the UK

• Higher than the US current rate

• Higher than Ireland

• Equal to Japan

What is the stance of the Business Roundtable on the tax reform principles?

• They are divided and mostly against it

• They are united in support

• They are waiting for more details

• They have not yet formed an opinion

What is a concern among CEOs regarding the tax reform's impact on the economy?

• Increased regulatory burdens

• Potential increase in corporate tax rates

• Running a large deficit

• Lack of international competitiveness

What is the administration's strategy for advancing the tax reform plan?

• Focusing solely on public opinion

• Establishing general principles to start negotiations

• Setting specific detailed policies immediately

• Implementing it without congressional input

What was the reaction from political leaders to the administration's tax reform outline?

• They requested more time to review

• They showed positive support

• They expressed strong opposition

• They were largely indifferent