Grover Norquist on Tax Reform Under Trump

The video discusses potential tax rate reductions, focusing on corporate and passthrough entities. The White House aims for a 15% corporate tax rate, with expectations between 15-20%. Subchapter S and partnership taxes may drop from 40-44% to 15-20%. The plan must be deficit neutral over 11-50 years, not just the first ten. Dynamic scoring will be used to predict future revenues, and some tax cuts may be temporary but could become permanent, as seen with the R&D tax credit.

What is the target range for the corporate tax rate reduction discussed in the video?

• 10% to 15%

• 15% to 20%

• 20% to 25%

• 25% to 30%

What is the proposed tax rate range for subchapter S corporations and partnerships?

• 25% to 30%

• 20% to 25%

• 15% to 20%

• 10% to 15%

What is the maximum current tax rate for subchapter S corporations before the proposed reduction?

• 30%

• 35%

• 40%

• 44%

What is the primary focus for making tax cuts fit within the budget?

• Deficit neutrality

• Immediate revenue increase

• Revenue neutrality

• Short-term planning

What strategy is mentioned to help make tax cuts fit within the budget constraints?

• Reducing government spending

• Implementing permanent tax cuts

• Increasing corporate tax rates

• Using dynamic scoring