House Tax Reform Markup Runs Into Snag
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Business, Social Studies
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University
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Hard
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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was the impact of the amendments discussed in the initial section on the deficit?
They balanced the budget.
They had no impact on the deficit.
They increased the deficit by $150 billion.
They reduced the deficit by $150 billion.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was removed from the tax bill that added to the deficit challenge?
The individual mandate tax
The excise tax on transfers
The estate tax
The corporate tax rate
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one of the options being considered to address the deficit?
Dropping the individual mandate tax from Obamacare
Increasing the corporate tax rate
Cutting defense spending
Introducing a new sales tax
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was a major concern for voters in Virginia regarding the tax bill?
The inclusion of the estate tax
The handling of Obamacare
The reduction in social security benefits
The increase in corporate taxes
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main task for the Ways and Means Committee as they complete their markup?
To introduce new tax credits
To eliminate the estate tax
To find a way to address the $74 billion deficit
To finalize the corporate tax rate
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