Holtz-Eakin Says Tax Reform is Key to Trump's Plans

The transcript discusses the fiscal challenges inherited by the Trump administration, focusing on large deficits and interest costs. It explores the need for aggressive growth policies, including tax reform and infrastructure programs, while addressing the tension between proposed tax cuts and revenue-neutral reforms. The discussion highlights the importance of regulatory reforms and the debate over the border adjustment tax. The need for clear leadership and direction from the White House on tax reform is emphasized, with a focus on creating a competitive corporate tax code.

What is one of the main fiscal challenges faced by the Trump administration?

• Low interest rates

• Large deficits and high interest costs

• Surplus in the budget

• Decreasing GDP

What is the proposed tax rate in the House's aggressive tax blueprint?

• 30%

• 25%

• 20%

• 15%

What is the focus of the regulatory changes mentioned in the discussion?

• Increasing trade tariffs

• Reducing interest rates

• Putting agencies on a budget

• Increasing government spending

What is the primary purpose of the border adjustment tax in the House proposal?

• To protect the integrity of US taxpayers

• To increase trade barriers

• To simplify the tax code

• To reduce corporate tax rates

What is a key factor for achieving successful tax reform according to the discussion?

• Increasing defense spending

• Clear leadership from the White House

• Reducing social security benefits

• Implementing a flat tax rate