Top Story Quiz
Quiz: Trump Administration Releases Tax Plan
The Trump administration released a highly anticipated one-page tax plan this week. How closely have you been following the story?
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1. Who has repeatedly referred to the President's plan as "the biggest tax cut" in history?
2. The President's new tax plan would reduce the number of personal tax brackets from seven to what number?
3. The proposed tax plan would reduce the corporate income tax to what percentage?
4. Which country has the highest corporate tax rate in the world?
5. If Trump's plan is approved, this will mark the lowest American corporate tax rate since which year?
6. Trump is calling for the elimination of the controversial estate tax, referred to by which person as "a certain corrective against the development of a race of idle rich?"
7. Which state is not among the largest beneficiaries of current deductions for state and local taxes?
8. The release of Trump's tax reform plan has renewed calls for the release of his own returns, something he has declined to do while under audit. But which former president released his returns during a federal audit of his taxes?
9. Which fellow Republican coined Ronald Reagan's supply side economic policies, with deep tax reductions, "voodoo economics?"
10. Which U.S. president created the IRS?