Conard Says U.S. Tax Plan Is Clever

The video discusses a tax plan's strategic focus on benefiting the Republican base by skewing tax cuts towards them and away from traditional Democratic voters. It examines the impact on middle-class tax cuts, the rich, and corporate taxes, highlighting concerns about the deficit and economic growth. The discussion also covers the global competitiveness of the US tax system and the potential for capital repatriation.

How does the tax plan benefit the Republican base according to the video?

• By increasing taxes on parents

• By providing tax cuts to single people

• By focusing tax cuts on parents and job creators in red states

• By reducing taxes for professionals in blue states

What is a major concern about the tax plan's impact on the economy?

• It will lead to a surplus

• It will have no effect on the deficit

• It will increase the deficit by $1.5 trillion

• It will decrease the deficit

What is the expected impact of reducing the corporate tax rate to 20%?

• It will have no impact on growth

• It will decrease productivity

• It will potentially increase growth and productivity

• It will only benefit the poor

What challenge does the current tax system face according to the video?

• It is too competitive

• It is antiquated and uncompetitive

• It taxes people at a lower rate than other countries

• It encourages companies to stay in the US

How do companies like Apple avoid US taxes?

• By moving intellectual property to countries with lower tax rates

• By moving intellectual property to countries with higher tax rates

• By not paying any taxes anywhere

• By paying higher taxes in the US