Conference Board Says Tax Cuts Won't Add a Lot to Growth

The video features a discussion on the impact of the Republican tax plan on the economy. The conversation highlights skepticism about immediate job growth, with many companies likely to prioritize shareholder returns. Despite this, there is optimism about continued economic momentum and potential job market improvements. Marty Feldstein believes the low corporate tax rate will attract foreign investment, boosting US growth. The discussion also touches on the potential for increased business confidence and slight adjustments to 2018 economic growth estimates.

What is the primary concern of companies regarding the new tax plan?

• Rising wages

• Economic growth

• Shareholder returns

• Increased hiring

What is the current phase of the business cycle mentioned in the discussion?

• Mature phase

• Early phase

• Recovery phase

• Declining phase

What is the expected impact of the tax cuts on unemployment?

• Significant decrease in unemployment

• Slight decrease in unemployment

• No change in unemployment

• Increase in unemployment

What does Marty Feldstein believe about the low corporate tax rate?

• It will deter foreign investment

• It will have no effect on the economy

• It will lead to higher inflation

• It will attract overseas investors

What is the anticipated growth rate for the economy as discussed?

• 1%

• 4%

• 2%

• 3%