Tax Plan to Have Small Jobs Impact, Says Krueger

The transcript discusses the impact of tax proposals on infrastructure investment, highlighting challenges faced by state and local governments. It also examines the potential difficulties in passing an infrastructure bill, considering mixed priorities like Medicaid and Medicare cuts. Additionally, the transcript debates the effects of deregulation on economic growth, emphasizing the importance of financial safety measures.

What is one potential consequence of cutting state and local tax deductions according to the discussion?

• Improved job growth

• Difficulty for state and local governments to invest in infrastructure

• Enhanced infrastructure investment

• Increased federal revenue

Why might infrastructure spending be slow, as mentioned in the video?

• It is hindered by technological limitations

• It is primarily managed by state and local governments

• It requires federal approval

• It depends on international trade agreements

What mixed signals have been sent regarding infrastructure priorities?

• Ambiguity in foreign policy

• Conflicting statements about tax cuts

• Different priorities between infrastructure and healthcare cuts

• Uncertainty about healthcare reforms

What is a debated benefit of deregulating Wall Street banks?

• Significant economic growth

• Increased financial crises

• Higher unemployment rates

• Improved international relations

How have higher capital standards for banks impacted the financial system?

• Made it less stable

• Increased short-term profits

• Enhanced long-term growth and safety

• Reduced international competitiveness