Sen. Lee Believes Tax Reform Will Happen This Year

The transcript discusses the prospects of tax reform in the Senate, emphasizing the need to lower rates and broaden the tax base for consistent revenue. It highlights the importance of revenue neutrality, preferably dynamically scored. The conversation touches on the legislative progress within the Senate, particularly in the Finance Committee, and the sequence of healthcare reform preceding tax reform. The discussion also covers voting strategies using Senate budget reconciliation and the general disapproval of the border adjustment tax by the White House and some Senate members.

What is the main goal of the tax reform discussed in the first section?

• To increase tax rates

• To lower rates and broaden the tax base

• To eliminate taxes entirely

• To focus solely on corporate taxes

What is the Senate's current focus before addressing tax reform?

• Environmental policies

• Education reform

• Health care reform

• Immigration reform

Which committee is primarily involved in the tax reform efforts?

• Finance Committee

• Armed Services Committee

• Foreign Relations Committee

• Judiciary Committee

How many votes are needed to pass the reforms using Senate budget reconciliation?

• 50 votes

• 51 votes

• 55 votes

• 60 votes

What is the stance of the White House on the border adjustment tax?

• They support it

• They are neutral

• They oppose it

• They have not commented