Rep. Delaney Says International Tax System Is Broken

The video discusses bipartisan support for tax reform, focusing on the broken international tax system that incentivizes US corporations to keep cash overseas. The proposal suggests pairing tax reform with infrastructure investment to stimulate the US economy. The plan includes lowering tax rates on international earnings to encourage repatriation of funds, which would benefit the US economy more than if the money remained overseas. The discussion emphasizes not prescribing how companies should use repatriated funds, allowing them to invest or distribute as they see fit.

What is one of the main issues with the current international tax system according to the speaker?

• It simplifies the tax filing process for corporations.

• It increases the tax revenue for the US government.

• It creates incentives for US corporations to keep cash overseas.

• It encourages US companies to invest more domestically.

What is the proposed benefit of pairing tax reform with infrastructure investment?

• It will stimulate the US economy by encouraging domestic investment.

• It will increase the tax burden on US corporations.

• It will reduce the need for foreign investments.

• It will ensure that repatriated money is used for stock buybacks.

How does the speaker suggest the repatriated money should be used?

• It should be strictly regulated by the government.

• It should be invested in foreign markets.

• It should be used for any purpose within the US.

• It should be kept in overseas bank accounts.

What change is proposed for the tax rate on international earnings?

• Increase the rate to match domestic tax rates.

• Eliminate taxes on international earnings altogether.

• Keep the rate the same but increase penalties for non-compliance.

• Lower the rate to be more competitive with other countries.

What is the proposed tax rate for existing overseas money in the bill?

• 8.75%

• 5%

• 15%

• 20%