Cohn Says Tax Cut Essential to Continue Economic Growth

The video discusses the historical context of tax cuts and deficit spending, analyzing current economic indicators like wage growth and unemployment. It argues for tax reform to sustain economic growth, emphasizing the need for a competitive corporate tax structure. The video addresses skepticism about achieving sustainable growth, citing expert opinions and the potential benefits of attracting business and capital back to America.

What is the historical context discussed regarding tax cuts and deficit spending?

• Tax cuts are only effective when there is no deficit spending.

• Deficit spending has never been associated with tax cuts.

• Tax cuts have always been implemented during robust economic times.

• Tax cuts and deficit spending have historically occurred during economic downturns.

What is the White House's stance on the necessity of tax cuts for economic growth?

• Tax cuts are unnecessary for economic growth.

• Tax cuts are essential to sustain and enhance economic growth.

• Tax cuts will lead to a decrease in wage growth.

• Tax cuts should only be implemented during economic downturns.

What is the main reason given for the need to reform the corporate tax structure?

• To discourage foreign investment in the U.S.

• To reduce the number of American businesses.

• To allow American companies to compete globally on a level playing field.

• To increase government revenue.

How does the White House respond to skepticism about achieving 3% growth?

• They believe that tax cuts and regulatory reforms will enable 3% growth.

• They suggest that 3% growth is not a priority.

• They propose increasing taxes to achieve 3% growth.

• They agree that 3% growth is unattainable.

What is one of the expected outcomes of the proposed tax reforms?

• An increase in corporate tax rates.

• Attracting business and capital back to America.

• A reduction in wage growth.

• A decrease in employment opportunities.