Mnuchin Says Tax Reform Will Be Largest in U.S. History

The video discusses a major tax reform plan, focusing on its scope, legislative process, and specific elements like the border adjustment tax. It highlights the plan's aim to lower the corporate tax rate to 15% and ensure small businesses benefit without creating loopholes for the wealthy. The plan's principles will be released, with ongoing discussions to finalize legislative text.

What is the primary focus of the largest tax reform discussed in the video?

• Education reform

• Tax reform

• Healthcare reform

• Transportation provisions

Who are the key political figures involved in discussions about the border adjustment tax?

• Chairman Brady and Speaker Ryan

• The President and Vice President

• The Secretary of State and the Attorney General

• The Senate Majority Leader and the House Minority Leader

What is the main objective of the meetings with the House and Senate regarding the tax plan?

• To discuss education reform

• To reach an agreement that will turn into a bill for the President to sign

• To create a new healthcare bill

• To finalize transportation provisions

What is the proposed corporate tax rate mentioned in the video?

• 30%

• 25%

• 20%

• 15%

What is the intended benefit of the 15% business tax rate?

• To support small businesses that drive the economy

• To provide a loophole for wealthy individuals

• To reduce the national debt

• To increase taxes on large corporations