Grover Norquist Says GOP Tax Plan Is a Huge Step Forward

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Business
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University
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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the new corporate tax rate that makes the U.S. competitive with most of the world?
35%
15%
20%
25%
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How many small businesses are expected to benefit from the reduction in taxes on subchapter S corporations?
10 million
20 million
30 million
40 million
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the duration for which full business expensing is initially allowed?
5 years
7 years
10 years
3 years
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the new bottom individual tax rate after the reforms?
15%
5%
0%
10%
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the expected additional revenue if the economy grows at 3% annually for the next decade?
$5 trillion
$1.5 trillion
$2.7 trillion
$3.5 trillion
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