Summers Says It's 'Right' to Consider Tax Code Reform

The transcript discusses the need for a comprehensive review of the tax code, highlighting the positive impulse for tax reform due to existing loopholes and shelters. It acknowledges the necessity of lowering the US corporate tax rate and expanding the child care credit. However, it criticizes the current tax cutting measures as indiscriminate and non-strategic, potentially increasing unfairness and not significantly benefiting economic growth.

What specific adjustments to the tax code does the speaker mention as positive steps?

How does the speaker view the potential economic impact of the proposed tax cuts?