Gross: Trump Tax Plan Does Nothing for Main Street

The video discusses Steven Mnuchin's proposal to sell long-term bonds and its potential benefits for the US economy. It critiques the proposed corporate tax cuts, arguing they favor special interests without benefiting the broader economy. The effectiveness of tax credits is questioned, noting their reduced impact in today's economic climate. The speaker suggests a more Keynesian approach, with government involvement to stimulate job growth.

What is the main reason behind the proposal to sell bonds with durations longer than 30 years?

• To match bond maturity with asset length

• To attract foreign investors

• To increase short-term economic growth

• To reduce the national debt

What is the effective corporate tax rate mentioned in the discussion?

• 50%

• 15%

• 35%

• 24%

What is the critique of the proposed corporate tax cuts?

• They will significantly reduce government revenue

• They will lead to increased inflation

• They are too complex to implement

• They primarily benefit special interests and do little for the general public

Why are tax credits considered less effective today compared to the past?

• The economy is growing too fast

• The government has reduced its spending

• There is a lack of skilled labor

• Corporations have ample access to low-interest loans

What economic approach is suggested to enhance job creation?

• Relying solely on the private sector

• Implementing more tax credits

• Adopting a more Keynesian approach

• Increasing interest rates