Winners and Losers From GOP Tax Proposals

The video discusses a corporate tax proposal that reduces tax rates from 35% to 20%, shifting from a worldwide to a territorial tax system. This plan benefits US corporations and foreign investors, potentially leading to a half-trillion-dollar windfall. However, the proposal faces challenges in Congress due to its high cost and opposition from various interest groups.

What is the proposed reduction in corporate tax rates according to the plan?

• From 35% to 15%

• From 35% to 20%

• From 30% to 20%

• From 30% to 15%

What system is the U.S. shifting to with the new tax proposal?

• Progressive tax system

• Flat tax system

• Territorial tax system

• Global tax system

How much windfall might foreign investors see from the tax plan?

• Up to $500 billion

• Up to $1 trillion

• Up to $200 billion

• Up to $700 billion

What is the estimated loss over 10 years due to the corporate tax cuts?

• $500 billion

• $1 trillion

• $1.5 trillion

• $2 trillion

What is a major challenge in getting the tax bill through Congress?

• Lack of support from the President

• Opposition to revenue-raising measures

• Insufficient support from House Republicans

• Lack of interest from foreign investors