Rep. Roskam Expects Trump's Tax Plan in 2-3 Weeks

The transcript discusses the current dissatisfaction with the tax code and the potential impact of a border adjustment tax. It highlights proposed changes to tax rates and their potential to stimulate economic growth. The conversation emphasizes the need for a comprehensive approach to tax reform, addressing issues with the IRS and the pressure of inversions. The discussion also covers the expected timeline for a new tax plan and the importance of an open legislative process, contrasting it with the passage of the Affordable Care Act.

What is the main concern regarding the border adjustment tax mentioned in the video?

• It will decrease the corporate tax rate.

• It will lead to more IRS audits.

• It will increase the cost of automobiles.

• It will reduce investment income tax rates.

Which tax rate is proposed to drop to 20%?

• Investment income tax rate

• Business rate for pass-throughs

• Individual tax rate

• Corporate tax rate

What is the expected outcome of the proposed tax changes?

• More tax inversions

• Economic growth and energy

• Higher automobile prices

• Increased IRS audits

What is the criticism of the Affordable Care Act's legislative process?

• It was supported by all political parties.

• It was too open and transparent.

• It was delayed for too long.

• It was passed without public input.

What is the expected timeline for the White House to announce a tax plan?

• Within two to three weeks

• Within two to three years

• Within two to three days

• Within two to three months