Sen. Gardner Says He Opposes Gas Tax Increase to Fund Infrastructure

Sen. Gardner Says He Opposes Gas Tax Increase to Fund Infrastructure

Assessment

Interactive Video

Business, Social Studies

University

Hard

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The transcript discusses the rising federal deficit and its economic implications, advocating for a balanced budget amendment and economic growth policies. It highlights the potential consequences of inaction, such as bond vigilantes, and the need for leadership in fiscal policy. The debate on infrastructure spending and funding methods, including user fees and the gas tax, is also covered. Finally, the political implications of tax cuts on the Republican majority and voter decisions are explored.

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7 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a major concern when the debt-to-GDP ratio becomes too high?

Increased government spending

Higher employment rates

Economic collapse due to resource competition

Lower interest rates

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one proposed solution to manage federal spending effectively?

Eliminating all government programs

Increasing taxes across the board

Passing a balanced budget amendment

Relying solely on economic growth

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What role did bond vigilantes play in the past regarding the federal deficit?

They lobbied for more government borrowing

They supported increased government spending

They advocated for higher taxes

They enforced fiscal discipline by refusing to buy bonds

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one of the key components of the President's budget plan to address the deficit?

Increasing military spending

Eliminating all social programs

Implementing a 2% reduction in non-discretionary spending

Raising the gas tax

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a significant challenge in funding infrastructure projects according to the discussion?

Declining gas tax revenue

Over-reliance on state funding

Lack of public interest

Excessive private sector involvement

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is there a debate over increasing the gas tax for infrastructure funding?

Gas tax has been increased frequently

Gas tax is a stable source of revenue

Gas tax is the only source of infrastructure funding

Electric vehicles do not contribute to gas tax revenue

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a potential benefit of the tax cut bill according to the discussion?

Reduced government revenue

Decreased foreign investment

Increased unemployment

Higher wages and bonuses