Senate Tax Plan Defies Trump in Delaying Corporate Cut

Senate Tax Plan Defies Trump in Delaying Corporate Cut

Assessment

Interactive Video

Business, Social Studies

University

Hard

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The transcript discusses the differences between the House and Senate tax bills, focusing on tax brackets and corporate tax rate changes. The Senate bill retains seven tax brackets, while the House proposes four. The corporate tax rate reduction is immediate in the House bill but delayed in the Senate's. Treasury Secretary Steven Mnuchin is open to Senate differences. The potential repeal of the Obamacare individual mandate is also considered, affecting centrist Democrats' support. Steve Bannon supports a phased carried interest rule, despite opposition from hedge fund managers.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What impact could healthcare have on the tax reform debate?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the stance of Steve Bannon regarding the carried interest rule?

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