Yellen Calls for Additional Tax Code Reforms

The video discusses the administration's plans to build on past achievements by ensuring economic stability through tax reforms and sound public finances. It highlights investments in clean energy and semiconductor industries, workforce development through education and training, and economic fairness with a focus on housing affordability. The administration is optimistic about future economic progress.

What is the primary goal of the administration's tax reforms?

• To eliminate taxes for high earners

• To reduce taxes for corporations

• To close loopholes and ensure fair tax rates

• To increase government spending

Which industries are expected to see significant private capital investment?

• Clean energy and semiconductor

• Tourism and hospitality

• Automobile and textile

• Agriculture and mining

How does the administration plan to enhance workforce productivity?

• By increasing taxes

• By offering free community college and workforce training

• By reducing work hours

• By outsourcing jobs

What is one of the benefits of affordable childcare mentioned in the transcript?

• It reduces government expenditure

• It decreases the need for public schools

• It increases workforce participation, especially among mothers

• It eliminates the need for preschool education

What is the administration's approach to improving housing affordability?

• By limiting housing loans

• By reducing construction standards

• By expanding the supply of housing

• By increasing property taxes