Evercore’s Schlosstein Says Biden Sets ‘Right Course’ for U.S.

The transcript discusses Joe Biden's political stance, focusing on his alignment with the Democratic Party and his pro-capitalist views. It examines fiscal policy, highlighting the need for responsible taxation and spending. The conversation shifts to economic recovery, emphasizing the importance of continued stimulus and the role of a COVID-19 vaccine. Finally, it explores the impact of corporate tax rates on businesses, comparing U.S. rates to global standards.

What is Joe Biden's position within the Democratic Party according to the transcript?

• Left-center

• Right-center

• Far-right

• Far-left

What was the state of the U.S. budget deficit prior to the COVID pandemic?

• Trillion dollar deficit

• Half a trillion dollar deficit

• Balanced

• Surplus

What is a key component of Biden's fiscal approach as discussed in the transcript?

• Cutting education funding

• Commitment to infrastructure

• Reducing healthcare spending

• Increasing military expenditure

What is necessary for a full economic recovery according to the transcript?

• Reduced taxes

• Higher interest rates

• A widely available vaccine

• Increased government spending

What is a part of Biden's tax plan?

• Reducing taxes for the wealthy

• Eliminating corporate taxes

• Reversing some Trump tax cuts

• Increasing all taxes

How does the U.S. corporate tax rate compare to the global standard according to the transcript?

• Non-competitive with tax havens

• Higher than most countries

• Lower than most countries

• In line with most countries

What is the potential impact of increasing the corporate tax rate to 28%?

• 10% decline in earnings per share

• Massive corporate relocations

• Significant increase in stock market value

• No change in corporate earnings