Hubbard Says Tax Reform Vital for Economic Growth

The video discusses the role of fiscal policy in addressing job market issues, emphasizing tax reform as a key strategy. It explores the impact of corporate tax reform on investment and productivity, and the concept of revenue-neutral tax reform. The discussion includes comparisons between corporate and personal tax reforms, and alternative strategies like the border adjustment tax and eliminating state and local tax deductions.

What is considered the most elastic margin for tax reform to boost investment?

• Property tax

• Sales tax

• Personal income tax

• Corporate taxation

What is a key consideration for achieving revenue-neutral tax reform?

• Increasing personal income tax rates

• Implementing a new tax

• Reducing government spending

• Eliminating all tax deductions

Which tax reform strategy involves broadening the tax base?

• Reducing government subsidies

• Increasing tax rates

• Base broadening

• Introducing new taxes

What alternative to the border adjustment tax is mentioned for raising substantial revenue?

• Introducing a carbon tax

• Eliminating state and local tax deductions

• Increasing corporate tax rates

• Raising sales tax

What is a common suggestion for individual tax reform?

• Increasing the AMT

• Eliminating the AMT and state and local tax deductions

• Raising personal income tax rates

• Introducing a flat tax rate