💰Trump's Corporate Tax Push: What Your Business Pays
Economy
Tax & Budget
Trump administration pushed massive corporate tax cuts in February 2025, including lowering manufacturer rates from 21% to 15%. House Republicans passed budget resolution allowing $4.5 trillion in tax cuts over 10 years.
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1
What corporate tax rate does the Trump administration want for U.S. manufacturers?
Multiple Choice
Government
2
How much in tax cuts did House Republicans authorize through their budget resolution?
Multiple Choice
Constitutional Law
3
What process allows Congress to pass budget bills with a simple majority instead of 60 votes?
Multiple Choice
Constitutional Law
4
What was the corporate tax rate before the 2017 Tax Cuts and Jobs Act?
Multiple Choice
Public Policy
5
How much debt limit increase did the Senate resolution authorize?
Multiple Choice
Constitutional Law
6
What happens to bonus depreciation rates in 2025?
Multiple Choice
Government
7
What is the estimated deficit impact of extending TCJA by 2028?
Multiple Choice
Public Policy
8
Which House committee chairman said extending Trump tax cuts is vital for the economy?
Multiple Choice
Constitutional Law
9
How many years did Republicans need to limit TCJA individual provisions due to budget rules?
Multiple Choice
Government
10
What is the official name of the House reconciliation bill?
Multiple Choice
Constitutional Law
11
What percentage of taxpayers would get a tax cut if TCJA provisions are extended?
Short Answer
Government
12
Name the Treasury Secretary who proposed the 15% manufacturing tax rate.
Short Answer
Public Policy
13
What Senate committee has jurisdiction over tax policy changes?
Short Answer
Constitutional Law
14
What is the current federal corporate tax rate established by TCJA?
Short Answer
Public Policy
15
What is the median family income for a family of four that would see tax changes?
Short Answer
Government
16
The 2017 Tax Cuts and Jobs Act individual provisions expire at the end of 2025.
True/False
Public Policy
18
Small businesses primarily benefit from the Section 199A deduction under current tax law.
True/False
Public Policy
20
The Tax Policy Center found that 60% of tax benefits would go to the top 20% of households.
True/False
Public Policy