Ross Says 'Lots of Details to Be Ironed Out' on Taxes

The transcript discusses President Trump's approach to tax overhaul, emphasizing the role of Congress in drafting the details while the President provides a framework. It highlights the importance of White House leadership in passing major legislation, referencing the Affordable Care Act. The timetable for voting on the tax program and the reconciliation process is outlined. The discussion concludes with the selection process for the Fed chair, noting the President's thorough vetting and decision-making process.

What is the role of Congress in the tax overhaul process as described in the first section?

• To provide a conceptual framework

• To finalize the President's objectives

• To draft the detailed programs

• To lead the White House

How does the Affordable Care Act compare to the current tax overhaul efforts?

• It had detailed guidance from the White House

• It was a minor piece of legislation

• It was primarily drafted by Congress

• It required 60 votes for passage

What is the significance of reconciliation in the legislative process?

• It allows passage with only 51 votes

• It requires 60 votes for passage

• It is a method to delay legislation

• It involves bipartisan support

Who are the frontrunners for the Fed chair position mentioned in the final section?

• Janet Yellen and Ben Bernanke

• John Taylor and Jay Powell

• Larry Summers and Tim Geithner

• Alan Greenspan and Paul Volcker

What is the President's approach to selecting the Fed chair?

• He makes the decision alone

• He consults a wide variety of people

• He chooses based on party affiliation

• He relies solely on public opinion