Big Companies Can Afford to Pay Higher Taxes, Says Biden Economist

The video discusses the U.S. budget's focus on long-term economic growth through investments in infrastructure, education, and family support. It highlights the importance of connecting rural areas to high-speed internet and replacing lead pipes in schools. The role of the Federal Reserve in maintaining low borrowing costs and the impact of tax policies on economic growth are examined. The video emphasizes measuring economic success by the well-being of working families and the need for strategic investments to compete globally.

What is one of the key investments mentioned to improve the U.S. economy's productive capacity?

• Reducing taxes for small businesses

• Connecting rural areas to high-speed internet

• Increasing military spending

• Subsidizing fossil fuel industries

How does the proposed budget plan to address the deficit and debt over the long term?

• By reducing healthcare spending

• By implementing a fiscally responsible investment strategy

• By increasing tariffs on imports

• By cutting social security benefits

What role does the Federal Reserve play in the proposed economic plan?

• Providing direct loans to small businesses

• Keeping borrowing costs low

• Regulating cryptocurrency markets

• Increasing interest rates to control inflation

What is the argument against the belief that higher taxes lead to slower growth?

• Higher taxes lead to increased government waste

• Higher taxes reduce consumer spending

• Higher taxes discourage foreign investment

• Higher taxes, when paired with strategic investments, can boost growth

Why is it important for the U.S. to invest in infrastructure according to the final section?

• To lower unemployment rates

• To reduce the national debt

• To compete with international rivals

• To increase military strength