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Lowering foreign tax rates yields fewer local jobs, explains Wharton professor Dan Garrett.

April 02, 2025 / 00:24

This episode discusses the impact of foreign effective tax rates on US employment, focusing on how lowering the gap between foreign and domestic tax rates can benefit US workers.

The conversation highlights the negative effects of lower foreign tax rates on domestic employment, emphasizing that policies aimed at reducing this gap could improve job opportunities in the US.

Key points include the relationship between tax rates and employment levels, with specific attention to how these policies can influence the labor market.

TL;DR

Lowering the gap between foreign and domestic tax rates can boost US employment.

Episode

0:24
00:00:00
lowering foreign effective tax rates
00:00:01
relative to domestic effective tax rates
00:00:04
is bad for us workers and leads to less
00:00:06
employment in the US this suggests that
00:00:08
policies that aim to lower this Gap or
00:00:10
Shrink this gap between foreign and
00:00:12
domestic effective tax rates is likely
00:00:13
going to be potentially good for us
00:00:15
workers

Episode Highlights

  • Impact of Tax Rates on Employment
    Lowering foreign effective tax rates negatively affects US employment.
    “Lowering foreign effective tax rates is bad for us workers.”
    @ 00m 04s
    April 02, 2025
  • Closing the Gap
    Policies that reduce the gap between foreign and domestic tax rates benefit US workers.
    “Policies that aim to lower this gap are likely good for us workers.”
    @ 00m 12s
    April 02, 2025

Episode Quotes

  • Lowering foreign effective tax rates is bad for us workers.
    Lowering foreign tax rates yields fewer local jobs, explains Wharton professor Dan Garrett.
  • Policies that aim to lower this gap are likely good for us workers.
    Lowering foreign tax rates yields fewer local jobs, explains Wharton professor Dan Garrett.

Key Moments

  • Employment Impact00:04
  • Policy Recommendations00:12

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