Former Treasury Sec. Jack Lew Sees Support for Tax Reform

The transcript discusses the complexities of tax reform, focusing on the role of the Treasury Department and the White House. It highlights the challenges faced by the Treasury due to unfilled positions and the importance of civil servants. The decision-making process within the administration and the economic implications of tax reform, such as funding and potential deficits, are examined. The need for a bipartisan approach to achieve effective tax reform is emphasized, drawing on historical examples.

What is the primary resource available to the Treasury Department for tax reform?

• External consultants

• Civil servants and the Office of Tax Policy

• State governments

• Political appointees

What is a key challenge in the decision-making process for tax reform within the administration?

• Lack of public support

• Opposition from foreign governments

• Influence of different White House factions

• Insufficient funding

What is a potential consequence of implementing a large tax cut that is not paid for?

• Increased economic growth

• Pressure on cutting social programs

• Higher employment rates

• Improved international relations

What approach is suggested to achieve a tax rate that provides relief?

• A partisan approach

• A paid-for, bipartisan approach

• Relying solely on political appointees

• Ignoring loopholes

What historical event is referenced as an example of successful bipartisan tax reform?

• The 2008 financial crisis

• The 1986 tax reform

• The 2010 healthcare reform

• The 1994 crime bill