McCain Backs Budget Bill on Road to Tax Reform

The transcript discusses the political landscape surrounding tax reform, focusing on Senator McCain's support for the Senate budget proposal, which aids in advancing tax reform legislation. Despite this progress, numerous challenges remain, including a lack of detailed information on the proposed tax changes and ambitious timelines set by Trump. The discussion highlights the uncertainties and potential impacts on different income groups, emphasizing the complexity of the reform process.

What was Senator McCain's decision regarding the Senate budget proposal?

• He supported it.

• He abstained from voting.

• He was undecided.

• He opposed it.

What is the target date set by Trump for completing the tax reform?

• By New Year

• By Easter

• By Thanksgiving

• By Christmas

Why is Trump's timeline for tax reform considered ambitious?

• Due to a lack of public support

• Because of the lack of support from Congress

• Due to unresolved issues in Congress

• Because of international trade agreements

What is one of the challenges in assessing the impact of the tax reform?

• The lack of public interest

• The opposition from the Senate

• The uncertainty about which tax breaks will be eliminated

• The absence of a clear timeline

What is still unknown about the tax reform package?

• The public opinion on the reform

• The support from the Senate

• The new individual income tax rates

• The impact on international trade