Our estimates suggest that a tax increase of 1 percent of GDP reduces output over the next three years by nearly 3 percent. The effect is highly significant.
More Quotes from Christina Romer:
We're committed to working with Congress to doing what the president said he was always going to do, which is cut the deficit in half over the - over his first term.Christina Romer
Where we're coming down is we currently have $787 billion of stimulus that's been passed. We're certainly focusing on spending that money as quickly and as efficiently and as transparently as we can. We think that's absolutely the right strategy.
Christina Romer
If you look at the studies coming out of the Congressional Budget Office, the number one thing that's going to blow a hole in the deficit as we go forward 20, 30 years is government spending on healthcare.
Christina Romer
You know, I think the, the crucial thing, you know, we have put in place what is, is just simply the biggest, boldest recovery package in history, right; the stimulus package, biggest ever; the financial rescue, absolutely comprehensive; a housing plan - that is incredible medicine for the economy. And we fully expect it to work.
Christina Romer
I think where I differ a little bit, we absolutely have to think about the deficit looking down the road. And certainly that's something the president has said that we need to, as the economy recovers, have a plan in place for getting it down.
Christina Romer
Readers Who Like This Quotation Also Like:
Based on Topics: Business & Commerce Quotes, Tax QuotesBased on Keywords: estimates, gdp, output, reduces
It takes good clients to make a good advertising agency. Regardless of how much talent an ad agency may have, it is ineffective without good products and services to advertise.
Morris Hite
Our mass movement will shatter this communal, fascist and autocratic center.
Lalu Prasad Yadav
The United States is our most important ally. They helped us many times. Without the United States, the unification or German democratisation after the Nazi period would have been much more complicated, or almost impossible.
Joschka Fischer