Treasury’s Adeyemo Says Spending Plan Meets Manchin’s Demands

The video discusses the international minimum tax and its role in creating a level playing field for companies globally. It highlights how this tax can incentivize American companies to invest domestically, improving the economy. The Build Back Better proposal is also covered, explaining how it will be funded without increasing the deficit, focusing on tax increases for the wealthy and corporations. Concerns about inflation and economic pressures are addressed, with emphasis on job creation and educational expansion.

What is the primary goal of the international minimum tax?

• To reduce taxes for multinational companies

• To create a level playing field for international companies

• To eliminate taxes for small businesses

• To increase tax rates for all companies

How does the global minimum tax deal benefit American companies?

• By providing tax exemptions for exports

• By enabling them to compete based on tax rates

• By allowing them to pay lower taxes abroad

• By encouraging competition based on workforce and infrastructure

What is a major concern regarding the Build Back Better proposal?

• It will not address climate change

• It may add to historic inflation

• It will not create any jobs

• It will increase taxes for everyone

How does the Build Back Better Act plan to fund its proposals?

• By borrowing more money

• By reducing healthcare benefits

• By cutting funding for education

• By increasing taxes on the wealthy and corporations

What educational benefit is included in the Build Back Better plan?

• Subsidized private school tuition

• Universal education for children aged three and four

• Free college education for all

• Increased funding for high school sports