IMF's Gaspar Says U.S. Tax Reform 'Extremely Important'

The transcript discusses the role of the IMF in fiscal affairs, focusing on the importance of U.S. tax reform. It highlights the need for simplification of the U.S. tax code, especially corporate taxes, and addresses the complexities involved. The discussion includes a response to the Trump administration's tax policies, questioning the empirical evidence of revenue generation through lower tax rates. The potential impacts of proposed tax reforms on the U.S. economy, employment, and public debt are also considered.

What empirical evidence is mentioned regarding tax rates and economic growth?

What concerns are raised about the potential impact of tax reform on U.S. debt and deficit?