I recently asserted that Kevin Hassett deserved a failing grade for his “analysis” projecting that the Trump administration proposal to reduce the corporate tax rate from 35 to 20 percent would raise the wages of an average American family between $4,000 to $9,000. I chose harsh language because Hassett had, for what seemed like political reasons, impugned the integrity of people like Len Burman and Gene Steuerle who have devoted their lives to honest rigorous evaluation of tax measures by calling their work “scientifically indefensible” and “fiction.” Since there have been a variety of comments on the economics of corporate tax reduction, some further discussion seems warranted. READ MORE
October 22nd, 2017
October 17th, 2017
Kevin Hassett accuses me of an ad-hominem attack against his economic analysis of the Trump Administration’s tax plan. I am proudly guilty of asserting that it is some combination of dishonest, incompetent and absurd. TV does not provide space to spell out the reasons why, so I am happy to provide them here.
I believe strongly in civility in public policy debates, and prior to the Trump administration do not believe I have ever used words like dishonest in disagreeing with the policy analyses of other economists. Part of my rationale for speaking so strongly here is that Kevin called into question the integrity of the Tax Policy Center, a group staffed by highly respected former civil servants, by calling their work “scientifically indefensible” and “fiction”. READ MORE
The international community should give officials a very uncomfortable week
October 8, 2018
The US administration’s tax plan is not a plan. It is a mélange of ideas put forth without precision or arithmetic. It is not clear enough to permit the kind of careful quantitative analysis of... read more
"Newt has the right elements of the answer- people are really angry, they're disillusioned, they're uncomfortable, they're scared, they're looking for something very different," said Summers.
"He had a gut visceral connection that the Democrats lacked."
"We had statisticians doing computer models... read more