Commerce Sec. Raimondo on Biden Tax Plan, China, Semis

Commerce Sec. Raimondo on Biden Tax Plan, China, Semis

Assessment

Interactive Video

Business, Social Studies

University

Hard

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The transcript covers President Biden's tax proposals, focusing on cutting taxes for the middle class while raising them for the wealthy and closing corporate loopholes. It discusses the impact of these proposals on job creation and business competitiveness. The conversation also addresses concerns about capital gains tax affecting investment and innovation, with a focus on maintaining venture capital interest. Additionally, the transcript explores US-China trade relations, emphasizing the need for a level playing field and the importance of domestic manufacturing, particularly in semiconductors. Finally, it highlights the use of export controls to protect national and economic security.

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3 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What does the phrase 'Build back better' refer to in the context of the President's proposals?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

How does the speaker view the impact of tariffs on trade with China?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the significance of export controls in relation to American innovation?

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