Biden's Tax, Climate Plan Revived by Manchin, Schumer

Biden's Tax, Climate Plan Revived by Manchin, Schumer

Assessment

Interactive Video

Business, Social Studies

University

Hard

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The transcript discusses President Biden's economic agenda, focusing on a new tax, energy, and climate bill agreed upon by Democratic Senator Joe Manchin and Senate Majority Leader Chuck Schumer. The bill includes a 15% corporate minimum tax rate, efforts to close the carried interest loophole, and $369 billion for climate and energy measures. Manchin's influence ensures that clean energy spending is tied to oil and gas leases on federal land. The bill's success depends on gaining support from progressives and key senators like Bernie Sanders and Kirsten Cinema.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main focus of the agreement between Joe Manchin and Chuck Schumer?

Healthcare reform

Tax, energy, and climate bill

Education policy

Immigration reform

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What significant tax measure is included in the bill?

An increase in sales tax

A 15% corporate minimum tax rate

A reduction in income tax

A new property tax

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How much is planned to be invested in climate and energy measures?

$369 billion

$100 billion

$500 billion

$200 billion

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What condition is tied to the clean energy spending in the bill?

Ban on coal mining

Increase in renewable energy subsidies

Continuation of oil and gas leases on federal land

Reduction in oil and gas leases

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which political figures' support is crucial for the bill's success?

Mitch McConnell and Nancy Pelosi

Bernie Sanders and Kirsten Cinema

Donald Trump and Kamala Harris

Elizabeth Warren and Ted Cruz