Bain’s Conard Says House GOP Tax Plan Is ‘Brilliant’
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Business
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University
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Hard
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7 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one of the key tactics the Republican party plans to use to achieve tax reform?
Introducing a new income tax bracket
Increasing corporate tax rates
Reducing military spending
Implementing a border-adjusted VAT tax
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is the current US corporate tax system considered inefficient?
It simplifies tax collection
It encourages companies to keep money offshore
It has uniform tax rates across all industries
It has low tax rates for all corporations
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a potential consequence of not reducing the corporate tax rate to 20%?
Immediate economic growth
Increased tax revenue
Failure to attract taxes back from offshore
Simplified tax filing process
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does the border adjustability tax aim to benefit US exports?
By increasing import tariffs
By eliminating double taxation on exports
By increasing corporate tax rates
By reducing export subsidies
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a significant challenge in replacing Obamacare?
It can be replaced immediately after repeal
It requires only 51 votes in the Senate
It can be done without Democratic support
It needs more than 51 votes to pass a new bill
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the argument for increasing high-skilled immigration in the US?
To reduce the number of low-skilled workers
To support economic growth and pay for future GDP consumption
To lower wages for high-skilled jobs
To decrease competition in the job market
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What could be a potential impact of rising deportations on the US economy?
Immediate economic recovery
Increased availability of low-cost labor
Sustained growth in agricultural sectors
Severe impact on industries relying on low-cost labor
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