Rivlin on Trump's Picks, Fiscal Plan, Tax Reforms

The transcript discusses Trump's fiscal plans, focusing on infrastructure investment and tax reform. It highlights the need for bipartisan support for tax changes and the potential impact on the deficit. The role of the Federal Reserve and economic outlook are also covered, along with corporate tax rates and potential changes to social programs like the Affordable Care Act.

What is one of the main focuses of Trump's fiscal plan as discussed in the first section?

• Expanding social security

• Increasing military spending

• Reducing healthcare costs

• Investing in infrastructure

What is a concern regarding Trump's proposed corporate tax rate?

• It may be too high compared to other countries

• It could lead to increased outsourcing

• It might be too low and reduce government revenue

• It could discourage foreign investment

What is a key aspect of Steve Mnuchin's tax plan?

• Raising the minimum wage

• Eliminating all tariffs

• Lowering corporate taxes

• Increasing personal income taxes

What is a potential benefit of broadening the tax base as discussed in the third section?

• Expanding the workforce

• Reducing the national debt

• Raising interest rates

• Increasing government spending

What challenge does the Federal Reserve face according to the fourth section?

• Managing a high unemployment rate

• Dealing with a stronger dollar

• Controlling inflation

• Balancing the budget

What is a significant challenge in replacing the Affordable Care Act?

• Finding bipartisan support

• Reducing healthcare costs

• Increasing insurance premiums

• Maintaining coverage for all Americans

What is a potential impact of repatriating earnings stashed abroad?

• Reducing foreign investments

• Raising corporate tax rates

• Financing infrastructure projects

• Increasing the trade deficit