Purdue's Daniels Sees Border Tax as Part of Growth Policy

The transcript discusses the appeal of tax cuts and the challenge of funding them, emphasizing the importance of revenue neutrality and the potential benefits of a border adjustment tax. It highlights the need for fiscal discipline and the sacrifices required, such as cuts in higher education spending. The speaker stresses the unsustainability of programs like Medicare and Social Security, warning of the burden on future generations. The discussion includes the impact of these policies on Indiana and the broader economic implications.

What is a key requirement for pro-growth policies according to the first section?

• They should only benefit large corporations.

• They should focus solely on short-term benefits.

• They should be revenue neutral.

• They should increase government spending.

What is one potential benefit of the border adjustment tax mentioned in the second section?

• It will create job-producing investments in the Midwest.

• It will make America less attractive to foreign investment.

• It will increase the cost of imported goods.

• It will decrease international trade.

What is a concern related to the border adjustment tax discussed in the second section?

• It may have short-term negative effects.

• It may lead to a decrease in domestic production.

• It may only benefit large retailers.

• It may not be accepted by international trading partners.

According to the third section, what is a major issue with current government programs like Medicare and Social Security?

• They are fully sustainable in the long term.

• They are not a burden on future generations.

• They promise more than can be delivered.

• They have no impact on the national debt.

What is the moral concern mentioned in the third section regarding the national debt?

• It is acceptable to pass debt to future generations.

• Debt has no impact on economic growth.

• Borrowing money for current spending is justified.

• It is unfair to burden future generations with debt.