Grover Norquist on Tax Reform Under Trump

Grover Norquist on Tax Reform Under Trump

Assessment

Interactive Video

Business

University

Hard

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The video discusses potential tax rate reductions, focusing on corporate and passthrough entities. The White House aims for a 15% corporate tax rate, with expectations between 15-20%. Subchapter S and partnership taxes may drop from 40-44% to 15-20%. The plan must be deficit neutral over 11-50 years, not just the first ten. Dynamic scoring will be used to predict future revenues, and some tax cuts may be temporary but could become permanent, as seen with the R&D tax credit.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the target range for the corporate tax rate reduction discussed in the video?

10% to 15%

15% to 20%

20% to 25%

25% to 30%

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the proposed tax rate range for subchapter S corporations and partnerships?

25% to 30%

20% to 25%

15% to 20%

10% to 15%

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the maximum current tax rate for subchapter S corporations before the proposed reduction?

30%

35%

40%

44%

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary focus for making tax cuts fit within the budget?

Deficit neutrality

Immediate revenue increase

Revenue neutrality

Short-term planning

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What strategy is mentioned to help make tax cuts fit within the budget constraints?

Reducing government spending

Implementing permanent tax cuts

Increasing corporate tax rates

Using dynamic scoring