Trump: Tax Simplification Major Feature of Plan

The video discusses a plan to simplify the tax code by reducing the number of tax brackets and eliminating complex deductions and loopholes that benefit Wall Street but are unfair to American workers. The plan aims to collaborate with House Republicans to streamline the process and focus on shared goals of jobs, growth, and opportunity. It promises a significant tax reform reminiscent of the Reagan era, aiming to boost economic growth and job creation.

What is the main issue with the current tax deductions and loopholes?

• They are too simple.

• They are unfair to Wall Street investors.

• They favor Wall Street investors over American workers.

• They benefit only American workers.

How many tax brackets does the proposed plan aim to establish?

• Seven

• Ten

• Three

• Five

What is the proposed tax rate for many American workers under the new plan?

• 25%

• 12%

• 33%

• 0%

What are the shared principles guiding the proposed tax reforms?

• Simplicity, equity, and sustainability

• Innovation, stability, and security

• Efficiency, transparency, and fairness

• Jobs, growth, and opportunity

Which past tax reform is the proposed plan compared to?

• Reagan tax reform

• Bush tax reform

• Kennedy tax reform

• Clinton tax reform