Rockefeller’s Fleming: Corporate Tax Hike a Revenue 'Honeypot'

The video discusses the potential impact of proposed tax changes under the current administration, focusing on corporate tax increases and the step up in basis. It explores the implications for revenue generation and family businesses, and debates the fairness of targeting multi-generational wealth. The discussion highlights the complexity of tax policy and the need for careful consideration of its effects on different stakeholders.

What is the proposed increase in corporate tax rates discussed in the video?

• From 18% to 30%

• From 20% to 27%

• From 21% to 28%

• From 15% to 25%

Why might the government consider exempting family businesses from the step-up in basis proposal?

• To increase tax revenue from large corporations

• To prevent the forced sale of long-held family businesses

• To simplify the tax code

• To encourage new business startups

What is the main concern regarding the elimination of the step-up in basis for financial assets?

• It might force the sale of family-owned businesses

• It could lead to increased corporate taxes

• It could simplify wealth transfer processes

• It would reduce government revenue

What historical trend is discussed in relation to estate tax exclusions?

• They have remained stable across administrations

• They have been abolished in recent years

• They have fluctuated with different administrations

• They have consistently decreased over time

What is one argument in favor of taxing multi-generational wealth?

• It encourages wealth accumulation

• It ensures each generation starts from scratch

• It reduces government intervention

• It simplifies tax regulations