What Governor Romney is proposing is an across-the-board cut in marginal tax rates for households, every household in America by 20 percent. And we’ll have to broaden the base to pay for that. Also, a very deep cut in the corporate rate.
Glenn Hubbard Quotes
Gradual fiscal consolidation may also be stimulative in the short run.
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We pursued the wrong policies. George Bush is not on the ballot. Bill Clinton is not on the ballot. Mitt Romney is on the ballot, and Barack Obama is on the ballot. And Mitt Romney is proposing tax reform, regulatory reform, a wise budget strategy and trade. The president has proposed tax increases.
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President Obama has ignored or dismissed proposals that would address our anti-competitive tax code and unsustainable trajectory of federal debt – including his own bipartisan National Commission on Fiscal Responsibility and Reform – and submitted no plan for entitlement reform.
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In response to the recession, the Obama administration chose to emphasize costly, short-term fixes – ineffective stimulus programs, myriad housing programs that went nowhere, and a rush to invest in ‘green’ companies. As a consequence, uncertainty over policy – particularly over tax and regulatory policy – slowed the recovery.
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Birth: | 4th September, 1958 |
Nationality: | American |
Profession: | Economist, Politician, Professor |
Robert Glenn Hubbard is an American economist and academic professor. He is currently the Dean of the Columbia University Graduate School of Business, where he is also Russell L. Carson Professor of Finance and Economics. Hubbard previously served as Deputy Assistant Secretary at the U.S. Department of the Treasury from 1991 to 1993, and as Chairman of the Council of Economic Advisors from 2001 to 2003.
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