Senate Tax Plan Defies Trump in Delaying Corporate Cut

The transcript discusses the differences between the House and Senate tax bills, focusing on tax brackets and corporate tax rate changes. The Senate bill retains seven tax brackets, while the House proposes four. The corporate tax rate reduction is immediate in the House bill but delayed in the Senate's. Treasury Secretary Steven Mnuchin is open to Senate differences. The potential repeal of the Obamacare individual mandate is also considered, affecting centrist Democrats' support. Steve Bannon supports a phased carried interest rule, despite opposition from hedge fund managers.

What is a key difference between the House and Senate tax bills regarding tax brackets?

• The House bill proposes 7 tax brackets, while the Senate proposes 3.

• The House bill proposes 4 tax brackets, while the Senate keeps 7.

• Both the House and Senate bills propose 3 tax brackets.

• The Senate bill proposes 4 tax brackets, while the House keeps 7.

When does the Senate version propose to implement the lower corporate tax rate?

• In 2020

• In 2019

• In 2018

• Immediately

What is Treasury Secretary Steven Mnuchin's stance on the differences between the House and Senate tax bills?

• He suggests they would be okay with some differences.

• He supports the House version only.

• He is indifferent to the differences.

• He opposes all differences.

What is being considered in the Senate plan that could affect the tax reform debate?

• Repeal of the Obamacare individual mandate

• Introduction of a new healthcare tax

• Abolishment of all tax brackets

• Immediate implementation of the corporate tax rate

What is Steve Bannon's position on the carried interest rule?

• He has no opinion on the matter.

• He wants immediate changes to the rule.

• He supports a three-year phase-in of changes.

• He opposes any changes to the rule.