Sen. Cardin Says Tax Reform Shouldn't Add to Debt

The video discusses the need for tax reform in the U.S., highlighting the lack of competitiveness in the current tax structure. A proposal for a progressive consumption tax is introduced, aiming to reduce corporate and personal income tax rates while maintaining revenue neutrality. The challenges of achieving revenue neutrality and the importance of a transparent process are emphasized. The video also addresses the impact of an immigration and travel ban, highlighting its negative effects on businesses and America's global image.

What is the main reason both Democrats and Republicans agree on the need for tax reform?

• To simplify the tax code

• To reduce the national debt

• To make the tax structure more competitive globally

• To increase government revenue

What is a key feature of the proposed tax reform discussed in the second section?

• It aims to increase taxes on middle-income families

• It introduces a flat tax rate for all

• It focuses on revenue neutrality

• It proposes a tax cut for the wealthy

What is one of the challenges mentioned in achieving revenue neutrality in tax reform?

• Inaccurate revenue projections

• Lack of political support

• High administrative costs

• Complexity of the tax code

What impact does the immigration or travel ban have on American businesses according to the final section?

• It increases international trade

• It boosts domestic employment

• It has no significant impact

• It harms American businesses

Why does the speaker believe Congress should repeal the executive order on the travel ban?

• It poses a risk to American security

• It has no effect on international relations

• It improves America's global image

• It enhances national security