Jason Furman Worries U.S. Debt Spikes in Tax Reform

The video discusses the proposed tax reform by Republicans, focusing on significant tax cuts of up to $2 trillion. The speaker critiques this approach, advocating for revenue-neutral tax cuts to address high tax rates and loopholes without increasing national debt. Concerns are raised about the potential negative impact on the economy, given the current low unemployment and high debt-to-GDP ratio.

What are the proposed tax cuts mentioned in the text?

What is meant by 'revenue neutral tax cuts' as mentioned in the text?

What concerns are raised about the current debt to GDP ratio?

What are the potential consequences of high US tax rates according to the speaker?

How does the speaker view the relationship between tax cuts and the economy?