Rhodes Sees Tax Reform as a Must for Trump Administration

The transcript discusses the challenges and strategies surrounding the U.S. administration's efforts to reform the corporate tax rate from 35% to 20%. It highlights the contention over state and local tax deductions and the broader difficulties in policy implementation, including healthcare and infrastructure. The importance of tax reform for economic growth and the administration's image is emphasized. The transcript also covers the political strategy to gain Republican support, particularly through collaboration with Mitch McConnell, to ensure the passage of tax reform.

What is the corporate tax rate mentioned in the text and what is the proposed change?

What are the contentious points regarding state and local tax deductions?

What challenges does the administration face in achieving tax reform?

What was the initial timeline for tax reform as mentioned by the Secretary of the Treasury?

How does the President plan to work with Mitch McConnell regarding tax reform?