Ryan Unexpectedly Joins Forces With Bannon on Border Tax

The transcript discusses the political strategy behind Paul Ryan's border adjustment tax plan, emphasizing the importance of gaining support from key White House advisers like Steve Bannon. It highlights the challenges faced in Congress due to the controversial nature of the plan and the need for it to be revenue neutral. The discussion also touches on Ryan's alliances with Trump and Gary Cohn, and the proposed corporate tax rate of 20%, with potential compromises to ease opposition.

Why is Steve Bannon's support crucial for Paul Ryan's border adjustment plan?

• He is a member of the Senate.

• He is the Secretary of Commerce.

• He is the Speaker of the House.

• He is a key adviser to Donald Trump.

What strategy does Paul Ryan use to gain favor with Donald Trump?

• He criticizes Trump's policies.

• He competes with Trump for media attention.

• He avoids discussing Trump.

• He praises Trump at every opportunity.

What is the main reason for the controversy surrounding the border adjustment element of the tax plan?

• It increases the corporate tax rate.

• It is necessary for revenue neutrality.

• It is supported by all Republicans.

• It decreases government spending.

What is the proposed new corporate tax rate under Paul Ryan's plan?

• 30%

• 20%

• 25%

• 15%

Who expressed concerns about the border adjustment tax?

• Paul Ryan

• Steve Mnuchin

• Gary Cohn

• Steve Bannon