JPM's Kasman Says Tax Cut Doesn’t Make Sense Now

The video discusses the ongoing debate about the US deficit, highlighting expert opinions on the potential impact of tax cuts and economic cycles. It examines the unprecedented 4% GDP deficit during full employment and the implications of providing stimulus. The discussion also touches on supply-side economics, comparing current debt levels to those during the Reagan era, and considers the appropriateness of tax reform in the current economic climate.

What concerns does Holtz Eakin express regarding the US deficit?

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What is the significance of the Elmendorf chart mentioned in the text?

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How does the current structural deficit compare to historical levels according to the discussion?

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What are the implications of providing stimulus to an economy at full employment?

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What historical context is provided regarding tax cuts and their timing in relation to economic conditions?

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