Rep. Roskam: U.S. Tax Reform Is Needed This Year

The video discusses a revenue-neutral tax proposal focusing on dynamic scoring, which considers changes in behavior and growth. The proposal includes a border adjustment tax aimed at enhancing revenue and supporting American manufacturing. The tax is expected to generate $1.1 trillion over ten years by taxing imports and adjusting currencies. The discussion highlights the urgency of addressing US tax base erosion and the need for policy changes to prevent further economic decline.

What is the proposed approach to scoring tax policy mentioned in the text?

How does the speaker describe the relationship between tax policy and American manufacturing?

What concerns are raised regarding the timing of currency adjustments?

What does the speaker suggest is necessary to address the US base erosion issue?

What urgency does the speaker express regarding the current tax system?