John Chambers Says U.S. Needs More Competitive Tax System

The transcript discusses the impact of cash repatriation on startups, highlighting past issues where funds were used for buybacks and dividends rather than investment in hiring or R&D. It emphasizes the need for a competitive tax system and policies that support startups, education reform, and innovation. The speaker calls for bipartisan efforts to inspire hope and improve the future for American children, drawing parallels with France's education reforms.

What was a common use of repatriated funds in the past, according to the discussion?

• Hiring new employees

• Investing in startups

• Research and Development

• Share buybacks and dividends

What is suggested as a starting point for creating a competitive tax system for startups?

• Eliminating corporate taxes

• Lowering corporate tax rates to 20%

• Providing tax exemptions for large corporations

• Increasing corporate tax rates

What combination is suggested to foster a national startup mentality?

• Government grants, loans, and subsidies

• Tax policy, startup engines, and education

• International partnerships, trade, and investment

• Corporate buybacks, dividends, and R&D

Which country is mentioned as changing its education system to support startups and digitization?

• United States

• Germany

• France

• Japan

What is identified as a key takeaway for fostering innovation?

• Slowing down policy changes

• Focusing solely on tax policy

• Innovation with speed

• Relying on traditional education methods