Yellen Confident Global Tax Deal Will See Passage in Congress

The transcript discusses the global tax deal, focusing on Janet Yellen's confidence in its inclusion in a budget reconciliation package. The main challenge lies within the Democratic Party, which is responsible for passing the deal. The debate centers around the proposed tax rates, with Biden suggesting a 28% rate. The discussion also covers the need to fund social policies and the uncertainty of meeting the October 31st deadline.

What is Janet Yellen's stance on the inclusion of the global tax deal in the reconciliation package?

• She believes it will be excluded.

• She is confident it will be included.

• She has not commented on it.

• She is uncertain about its inclusion.

Where is the primary source of potential pushback for the reconciliation package?

• Republican Party

• Independent Senators

• International Organizations

• Democratic Party

What is the current corporate tax rate in the U.S. compared to the proposed global minimum tax rate?

• 25% and 28%

• 21% and 15%

• 15% and 21%

• 28% and 21%

What must Democrats do if they propose a new program costing $100 million?

• Borrow $100 million

• Find $100 million in new revenue

• Reduce the program's cost

• Cut existing programs by $100 million

By when do Democratic leaders hope to finalize the reconciliation package?

• November 15th

• October 31st

• September 30th

• December 1st