Mnuchin: Tax Reform Major Component of Economic Plan

Mnuchin: Tax Reform Major Component of Economic Plan

Assessment

Interactive Video

Business

University

Hard

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The transcript discusses the complexity of the tax system, highlighting issues with tax liability calculations and the tax gap. It explores the need for tax code simplification and the potential impact on economic growth. The discussion includes concerns about IRS staffing reductions and the need for improved technology and cybersecurity to protect taxpayer information.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What are the implications of the IRS's reduced headcount on tax collection?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What concerns are raised about the technology used by the IRS?

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