Joshua Bolten Says Tax Overhaul Good For Whole Economy

The video discusses the anticipated effects of tax reform on the economy, emphasizing its benefits for workers and the overall economy. It highlights the unexpected bonuses and wage increases resulting from the reform, and the long-term competitiveness it brings to U.S. companies. The discussion also covers the commitment of CEOs to invest more in the U.S. following the reform, driven by changes in corporate tax rates and a shift to territorial taxation.

What was the primary reason business roundtable companies supported the tax reform?

• To increase share buybacks

• To enhance the long-term interest of the economy

• To reduce dividends

• To focus on short-term gains

What unexpected outcome did the president notice after the tax reform?

• Reduction in economic growth

• Increase in corporate taxes

• Decrease in employment

• Surge in bonuses for workers

What was a key focus during the advocacy for tax reform?

• Announcing big bonuses

• Increasing import tariffs

• Reducing environmental regulations

• Ensuring benefits reach the workers

What did CEOs commit to if the tax reform was implemented?

• Reducing workforce

• Increasing product prices

• Outsourcing jobs

• Investing more in the United States

How does the tax reform aim to improve the competitiveness of U.S. companies?

• By limiting foreign investments

• By reducing export opportunities

• By shifting to a territorial system of taxation

• By increasing corporate tax rates