Auerbach Says Border Adjustment Tax Was Misunderstood

The video discusses the Border Adjustment Tax, its introduction, and the contention surrounding it in Washington DC. It highlights the misunderstanding and attention it received post-election, the skepticism in the Senate, and the challenges in the House proposal. The discussion includes potential modifications to the proposal, known as Plan B, and the need for currency adjustments, considering historical contexts.

What modifications were suggested for the original tax plan proposed by Paul Ryan and Kevin Brady?

Why might currency analysts be skeptical about the dollar's ability to adjust under the proposed tax plan?