Cohn Says State, Local Tax Deductions 'Not a Red Line'

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Business, Social Studies
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University
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Hard
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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary reason for proposing the limitation of state and local tax deductions?
To penalize high-tax states
To simplify the tax filing process
To fund tax cuts without increasing the deficit
To increase federal revenue
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Who is Mr. Roskam, and why is he significant in the discussion of tax deductions?
A member of the Senate Finance Committee
A representative from a low-tax state
An advocate for increasing state taxes
A key figure in the House Ways and Means Committee
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are the two main goals of the tax plan as discussed in the video?
Increasing tax revenue and reducing government spending
Providing tax cuts for the wealthy and increasing tariffs
Lowering tax rates and simplifying the tax code
Eliminating all deductions and increasing corporate taxes
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What percentage of American families use itemized deductions, according to the video?
50%
75%
25%
10%
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is considered a 'red line' in the tax proposal?
Increasing the business tax rate
Eliminating all tax deductions
Raising taxes on middle-income Americans
Reducing the corporate tax rate
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