Gary Cohn Says Corporate Tax Rate Must Get Below 23%

The transcript discusses the progress and importance of a tax reform plan by a group of six, emphasizing the need to align US tax rates with the OECD average to boost economic growth. It highlights the transition from monetary to fiscal policy post-2008 financial crisis and the focus on removing barriers to capital flow. The speaker prioritizes tax reform as the main goal for the year.

What is the main goal of the 'group of six' as discussed in the first section?

• To develop a comprehensive tax reform plan

• To implement new monetary policies

• To reduce government spending

• To increase the tax rate

Why is aligning the U.S. tax rate with the OECD average important?

• To support local businesses

• To increase government revenue

• To make the U.S. more competitive globally

• To reduce inflation

What is the primary focus of the second section?

• The need for regulatory reform

• The role of the Finance Committee

• The impact of tax reform on local businesses

• The importance of tax reform for economic growth

What has been the global approach to economic policy since the 2008 financial crisis?

• Heavy reliance on monetary policy

• Increased reliance on fiscal policy

• Implementation of new trade agreements

• A focus on reducing taxes

What is the suggested transition discussed in the third section?

• From local to global policy

• From monetary to fiscal policy

• From tax reform to regulatory reform

• From fiscal to monetary policy