Rivlin: Hard to Say What Trump's Fiscal Plan Is Exactly

The video discusses Trump's fiscal plans, focusing on his choice of economic advisors and the implications for Wall Street. It highlights the need for infrastructure investment and corporate tax reform, cautioning against excessive tax cuts. Steve Mnuchin outlines the administration's tax priorities, aiming to make U.S. companies more competitive and provide significant middle-income tax cuts. The video also explores the potential for bipartisan support in tax reform, noting the challenges posed by the current political landscape.

What is a key characteristic of Trump's approach to selecting his economic team?

• He prefers outsiders unfamiliar with Wall Street.

• He avoids those with any financial experience.

• He chooses individuals with a strong background in finance.

• He selects people who oppose big banks.

What is a major area of investment that has bipartisan support according to the transcript?

• Healthcare

• Education

• Infrastructure

• Defense

What is a suggested approach to corporate income tax reform?

• Increase the tax rate to match global standards.

• Broaden the tax base and reduce rates.

• Eliminate corporate taxes entirely.

• Maintain the current tax structure.

What is a primary goal of Steve Mnuchin's tax plan?

• To lower corporate taxes and repatriate funds.

• To focus solely on personal income tax cuts.

• To increase corporate taxes significantly.

• To make U.S. companies less competitive globally.

What political challenge does the administration face in implementing tax reforms?

• Lack of control over the House of Representatives.

• Disagreement within the Republican Party.

• Insufficient votes in the Senate.

• Opposition from the Supreme Court.