Sen. Cardin Says Tax Reform Shouldn't Add to Debt

The video discusses the need for tax reform in the U.S., highlighting the lack of competitiveness in the current tax structure. A proposal for a progressive consumption tax is introduced, aiming to reduce corporate and personal income tax rates while maintaining revenue neutrality. The challenges of achieving revenue neutrality and the importance of a transparent process are emphasized. The video also addresses the impact of an immigration and travel ban, highlighting its negative effects on businesses and America's global image.

What does the speaker suggest is necessary for effective tax reform?

What impact does the speaker believe the immigration or travel ban has on American businesses?