Former Labor Dept. Chief Economists Debate Taxes

The video discusses the potential impact of tax reform on job numbers, highlighting the importance of reducing the corporate tax rate to stimulate economic growth. It contrasts the statutory and effective tax rates in the U.S. and examines the Kansas tax cuts as a case study, which resulted in slower growth. The discussion emphasizes the need for tax reform, especially at full employment, and the varying tax burdens across different industries.

Discuss the implications of having a territorial tax system versus a worldwide tax system.

What is the significance of effective tax rates in the context of corporate taxation?