Ex-House Tax Chief Doesn’t See Tax Reform in 2017

The video discusses the President's methodical approach to tax reform, emphasizing growth and middle-class benefits. It highlights the challenges of achieving consensus in Washington, noting commonalities between political parties. The timeline for tax reform is uncertain, with potential delays into 2018. The video contrasts tax cuts with comprehensive reform, stressing the importance of robust changes for economic growth.

What is one of the main goals of the President's approach to tax reform?

• To reduce the number of tax brackets

• To focus on economic growth and improve average lives

• To increase government revenue

• To eliminate corporate taxes

What is a key area of agreement between political parties regarding tax reform?

• Increasing corporate tax rates

• Lowering individual tax rates

• Eliminating all taxes

• Increasing the number of tax brackets

What is a significant challenge in achieving tax reform?

• Lack of interest from the public

• Difficulty in reaching consensus

• Insufficient data on tax impacts

• Too many tax brackets

What external factor is affecting the timeline for tax reform?

• A change in the Supreme Court

• A global economic downturn

• A new presidential election

• Hurricane Harvey

What is the potential benefit of even minor tax reform changes?

• They can still provide some economic benefits

• They can lead to a complete overhaul of the tax system

• They will have no impact

• They will increase the complexity of the tax code