How Will Trump Tax Reform Be Paid For?

The video discusses the proposed 15% corporate tax rate by Donald Trump, highlighting the challenges of achieving revenue neutrality. It explores the debate between growth and deficit concerns, referencing the Laffer Curve and historical tax cuts under Reagan and Bush. The limitations of tax cut theories are examined, with insights from Greg Mankiw on potential revenue recovery.

What is the proposed corporate tax rate mentioned in the first section?

• 20%

• 25%

• 15%

• 10%

What is the main concern of the Republican leadership regarding the tax proposal?

• It will not be revenue-neutral.

• It will lead to inflation.

• It will increase employment.

• It will decrease government spending.

What economic theory is introduced in the second section?

• Keynesian Economics

• The Laffer Curve

• Supply and Demand

• Monetarism

What historical example is used to illustrate the impact of tax cuts?

• The Reagan Administration

• The Clinton Administration

• The Obama Administration

• The New Deal

According to Greg Mankiw's study, what percentage of lost tax revenue can be recovered through growth?

• 28%

• 50%

• 75%

• 10%