Selib Says Tax Reform by End-of-Year 'Unrealistic'

The transcript discusses a plan with a nine-page outline, highlighting the delegation of responsibilities to Congress. It emphasizes the need for a thorough process involving hearings and drafting sessions to ensure good outcomes. The unrealistic timeline set by the President is criticized, comparing it to past healthcare reforms. The impact of tax reform on the entire economy and businesses is stressed, advocating for a careful approach to avoid unforeseen consequences.

What is the primary role of Congress in the context of the plan discussed?

• To implement the plan

• To manage the economy

• To write and draft laws

• To approve the President's decisions

What is the main characteristic of the nine-page outline presented by the White House?

• It is a set of aspirations

• It is a financial report

• It is a detailed plan

• It is a finalized law

Why is it important for Congress to hold hearings and drafting sessions?

• To delay the process

• To debate and improve the plan

• To ensure a balanced budget

• To quickly pass the plan

What is the President's timeline for completing the plan?

• Within two years

• No specific timeline

• By the end of the year

• By the end of the month

What could be a consequence of rushing the plan's implementation?

• Increased public support

• Immediate economic growth

• Unforeseen negative outcomes

• Achieving quick success