Tax increases appear to have a very large sustained and highly significant negative impact on output.
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
The goal of long-run economic growth without asset price bubbles is not only achievable, but is something we should expect if we put a sound regulatory framework in place and if policymakers remain vigilant.
Christina Romer
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.
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
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
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: output
I enjoyed doing Lipstick, but it scared me. I was very nervous. I couldn't wait for it to be over. It was very real, and I was just a kid.
Mariel Hemingway
Woman, or more precisely put, perhaps, marriage, is the representative of life with which you are meant to come to terms.
Franz Kafka
My experiences in film and theatre in the States have been much more rigorous-in England there's an environment of, Let's try this.
Kim Cattrall