Eichengreen Says Can Do Tax Reform, Not Simply Tax Cuts

The video discusses the challenges of tax reform in the context of high debt-to-GDP ratios, emphasizing that while tax reform is possible, tax cuts are not advisable. The Senate's tax plan is analyzed, highlighting potential pushback on eliminating deductions and the need to delay corporate phase-ins. The discussion also covers investor expectations for lower corporate tax rates and a simpler tax code, though achieving both seems unlikely.

What is the significance of the Senate plan according to the speaker?

What challenges are anticipated with the elimination of deductions and exemptions?