Tax is an essential element of U.S. national security. The U.S. tax code can drive investments in strategic industries, and of course the U.S. has to pay for its defense and national security apparatus somehow.

Georgetown Law Professor Itai Grinberg joins Security Economics to talk about why tax matters, his advice on how to use the tax code to drive industrial policy, and whether the tax code actually sends manufacturing offshore.

No discussion of tax policy would be complete without talking about President Trump's favorite taxes, tariffs, as well as his new export taxes on computer chip sales to China. (Itai's historical analogy is both interesting and very funny).

It is an interesting episode. And as a bonus, the last question is free personal tax advice for podcast listeners.