Sen. Perdue Says Tax Reform Is Trump's Top Priority

The transcript discusses the collaboration between the Senate Finance Committee, President Trump, and the White House staff on a package aimed at economic growth. It highlights the importance of reducing the corporate tax rate, eliminating repatriation tax, and simplifying the tax code to stimulate investment and employment. The discussion also addresses the challenges of liquidity and overseas profits, emphasizing the need for economic growth to improve living standards and address the debt crisis.

What has been the role of the Senate Finance Committee in the development of the economic package?

• They have only recently been consulted.

• They have opposed the package from the start.

• They have been actively involved and informed.

• They have been kept in the dark about the package.

Why is the President prioritizing the new economic package?

• To promote economic growth.

• To increase government spending.

• To focus on foreign policy.

• To reduce the national debt immediately.

What is one of the main economic issues highlighted in the second section?

• Excessive government regulation.

• Large amounts of idle money in the economy.

• Lack of technological innovation.

• High inflation rates.

What is a key feature of the proposed tax reforms?

• Eliminating the repatriation tax.

• Increasing the corporate tax rate.

• Raising individual tax rates.

• Introducing new deductions.

How do the proposed tax reforms aim to address the long-term debt crisis?

• By increasing exports.

• By cutting social programs.

• By reducing government spending.

• By stimulating economic growth.