Corporate Tax Reform: Could We See It Before 2017?

The video discusses corporate tax inversions, highlighting legislative challenges and the limited impact of administrative actions. It examines Jack Lew's approach and the skepticism surrounding corporate tax reform before 2017. The conversation shifts to inequality and labor market dynamics, emphasizing the decline in labor mobility and its economic implications. Finally, it addresses policy proposals and the political realities that hinder significant legislative progress.

What is one of the main challenges in addressing corporate tax inversions?

• Lack of public interest

• Insufficient administrative authority

• Excessive corporate support

• Overwhelming legislative support

Why is there skepticism about achieving corporate tax reform before the next presidential administration?

• Insufficient economic impact

• High public opposition

• Complexity of the tax system

• Lack of political will

What is a challenge in broadening the corporate tax base?

• Excessive public interest

• Political power behind tax breaks

• Lack of corporate support

• Uniform tax rates

What is a significant factor contributing to structural inequality in American society?

• Uniform tax rates

• Decline in labor market dynamism

• Increase in job mobility

• Equal pay across firms

What is a key reason for the decline in labor market dynamism?

• Increased job creation

• Decreased job mobility

• Uniform wage distribution

• Higher job destruction rates

What is one proposed solution to improve labor market dynamics?

• Limit job mobility

• Standardize wages

• Reduce regulatory barriers

• Increase corporate taxes

What is a potential consequence of losing labor market flexibility?

• Increased economic growth

• Higher productivity

• Reduced ability to respond to economic shocks

• Greater job creation