Rep. Kilmer Says Tax Code Doesn’t Encourage Investment

The video discusses the need for tax reform in the U.S., emphasizing the importance of a simplified tax code to encourage investment and economic growth. It highlights the significance of addressing the national deficit and debt, and the necessity for detailed tax code reform. The speaker stresses the importance of permanent tax changes for business predictability, criticizing Congress's approach to temporary tax extensions.

What is one of the main criticisms of the current U.S. tax code according to the speaker?

• It does not encourage investment in the U.S.

• It has no impact on the national debt.

• It encourages too much foreign investment.

• It is too simple and straightforward.

Why does the speaker believe the national debt is a concern for economic growth?

• It increases foreign investment.

• It simplifies the tax code.

• It reduces the need for tax reform.

• It acts as a drag on the economy.

What is a key consideration for Democrats regarding tax reform?

• Ignoring tax expenditures and loopholes.

• Ensuring it is revenue-neutral or close to it.

• Making it as complex as possible.

• Focusing solely on reducing the national debt.

What does the speaker suggest about elements of the tax code that serve a public policy purpose?

• They should be ignored in reforms.

• They have no impact on growth.

• They should be eliminated.

• They should be maintained.

Why does the speaker criticize the use of extenders packages in tax policy?

• They lead to temporary and unpredictable changes.

• They simplify the tax code.

• They create an environment of trust.

• They provide long-term solutions.