Kroszner Sees Fundamental Tax Reform From GOP

The video discusses proposed tax reforms aimed at fundamental changes similar to those in the Reagan era. It highlights the complexity and challenges of implementing such reforms, including opposition from those wanting to preserve tax breaks. The discussion covers the potential long-term economic impact, emphasizing the need for structural reforms to sustain growth. The video also explores how these reforms might influence the Federal Reserve's decisions on interest rates, drawing parallels to past economic strategies.

What challenges are mentioned regarding the preservation of tax breaks during the reform process?

How does the speaker view the relationship between productivity growth and inflation?