Rhodes Sees Tax Reform as a Must for Trump Administration

The transcript discusses the challenges and strategies surrounding the U.S. administration's efforts to reform the corporate tax rate from 35% to 20%. It highlights the contention over state and local tax deductions and the broader difficulties in policy implementation, including healthcare and infrastructure. The importance of tax reform for economic growth and the administration's image is emphasized. The transcript also covers the political strategy to gain Republican support, particularly through collaboration with Mitch McConnell, to ensure the passage of tax reform.

What is the proposed change in the corporate tax rate discussed in the video?

• From 30% to 25%

• From 35% to 25%

• From 35% to 20%

• From 30% to 20%

What is one of the main challenges in the tax reform process?

• Reducing healthcare costs

• Improving infrastructure

• Eliminating state and local tax deductions

• Increasing corporate tax rates

Why is tax reform crucial for the administration, according to the video?

• To improve international relations

• To achieve 3% plus economic growth

• To reduce unemployment

• To increase healthcare coverage

What has been the administration's progress on infrastructure plans?

• No significant progress has been seen

• Infrastructure plans have been abandoned

• Significant progress has been made

• Plans have been implemented

What is the President's approach to passing the tax reform?

• Criticizing Mitch McConnell

• Collaborating with Mitch McConnell

• Ignoring the Senate

• Focusing solely on healthcare