ARRA News Service facebook page
News for social, fiscal & national security conservatives who believe in God, family & the USA. Upholding the rights granted by God & guaranteed by the U.S. Constitution, traditional family values, "republican" principles / ideals, transparent & limited "smaller" government, free markets, lower taxes, due process of law, liberty & individual freedom. Content approval rests with the ARRA News Service Editor. Opinions are those of the authors. While varied positions are reported, beliefs & principles remain fixed. No revenue is generated for or by this site - no paid ads - no payments for articles. Fair Use doctrine is posted & used.
Editor/Founder: Bill Smith, Ph.D. [aka: OzarkGuru & 2010 AFP National Blogger of the Year]
Contact: (Pub. Since July, 2006)
    Home Page

One of the penalties for refusing to participate in politics is that you end up being governed by your inferiors. -- Plato (429-347 BC)

Thursday, October 12, 2017

Economists: Tax Reform ‘Imperative’

‘The Country Must Not Miss This Opportunity’

‘This Plan Is Pro-Growth … Pro-Work,’ & ‘Would Boost Wage Growth’

DOUGLAS HOLTZ-EAKIN, Former CBO Director: “[R]emember that doing nothing is dangerous to America. The fact that the economy is stuck in low gear has visited distress on large swaths of the labor market and household sector. Headquarters of U.S. firms continue to migrate overseas to competitor companies. Trillions of dollars of global earnings are locked out of the United States by the tax code. Reform is an imperative.” (Douglas Holtz-Eakin, “The Tax Plan Cometh,” American Action Forum’s The Daily Dish, 9/27/2017)

·         HOLTZ-EAKIN: “… the focus should be on the implications for growth. The impact of any specific tax provision pales in comparison to the improvement in middle-class livelihoods that would come from better economic growth, productivity growth, and real wage growth.” (Douglas Holtz-Eakin, “The Tax Plan Cometh,” American Action Forum’s The Daily Dish, 9/27/2017)

LAWRENCE LINDSEY, Former Federal Reserve Governor: “This is an important piece of legislation to pass. The country must not miss this opportunity.” (Lawrence B. Lindsey, Op-Ed, “Tax Reform Will Give Workers a Raise,” The Wall Street Journal, 10/10/2017)

·         LINDSEY: “The tax-reform package now working its way through Congress is well-designed and far-reaching. It aims to address the reasons that the current economic recovery has been the most anemic on record. If it becomes law, we can expect economic growth to accelerate …” (Lawrence B. Lindsey, Op-Ed, “Tax Reform Will Give Workers a Raise,” The Wall Street Journal, 10/10/2017)

·         LINDSEY: “A rise in real wages would dramatically improve America’s society as well as its economy. It would lead to the first sustained decline in income inequality in more than 40 years. The American economy will finally start working in the interest of the great middle class and not simply those at the top.” (Lawrence B. Lindsey, Op-Ed, “Tax Reform Will Give Workers a Raise,” The Wall Street Journal, 10/10/2017)

GLENN HUBBARD, Columbia Business School Dean: “The principal goal of tax reform is to promote economic well-being—investment, productivity and wages—and debate should center on improvement in well-being.” (Glenn Hubbard, Op-Ed, “Why America Needs Tax Reform,” The Wall Street Journal, 10/05/2017)

·         HUBBARD: “Does real tax reform with enhanced and broader prosperity trump the current structurally weaker economy with a broken tax code? The answer is yes.” (Glenn Hubbard, Op-Ed, “Why America Needs Tax Reform,” The Wall Street Journal, 10/05/2017)

KEVIN HASSETT, Council Of Economic Advisers Chairman: “This plan is pro-growth. On the individual side it is pro-work. When you get more of an economic input like work, you get more economic output – and you get more economic growth. And on the corporate side, companies will no longer be incentivized to offshore, and what they save in taxes should help raise corporate investment and wages.” (Kevin Hassett’s Remarks on Tax Reform, Tax Foundation, 10/05/2017)

·         HASSETT: “[W]e know from several studies that high corporate tax rates serve to depress the wages of workers over the long-run, through a combination of disincentives to bring profits home to invest, and a reduced impetus for domestic investment in general. Those effects are felt across the income distribution, resulting in lower wages for higher- and lower-skilled workers alike. For the median household in the U.S., a top corporate marginal rate cut from 35 to 20 percent would boost wage growth almost four-fold -- from the current 0.6 percent per year to as much as 2 percent, providing up to $7000 of additional income. It’s time for a bipartisan consensus to use tax policy to fix wage growth.” (Kevin Hassett’s Remarks on Tax Reform, Tax Foundation, 10/05/2017)

SCOTT HODGE, Tax Foundation President: “What we want to do is have policies that lift wages, lift productivity, and ultimately lift after-tax incomes—real living standards. And the kind of tax reform that we’ve outlined here, with a lower corporate tax rate and full expensing will do that. And I think that’s the strongest approach to making people better off.” (U.S. Senate Finance Committee Hearing, 9/19/2017)

ITAI GRINBERG, Georgetown University Law Professor: “There’s now a widespread consensus the United States needs to abandon its aberrant worldwide corporate tax system, lower the rate, and go territorial…. [T]his general consensus was even reflected, to some extent, in the final proposals of the Obama administration.” (U.S. Senate Finance Committee, Press Release 10/03/2017)

·         GRINBERG: “Our corporate tax rate and international tax rules are just totally out of line with international norms. Continuing to lag behind would cost us an opportunity and employment for our kids.” (U.S. Senate Finance Committee, Press Release 10/03/2017)

Tags: Economists, U.S., Tax Reform, Imperative To share or post to your site, click on "Post Link". Please mention / link to the ARRA News Service and "Like" Facebook Page - Thanks!
Posted by Bill Smith at 1:44 PM - Post Link


Anonymous Frank Gilbert said...

FairTax would fill the bill.


Post a Comment

<< Home

View U.S. National Debt

Don't miss anything!
Subscribe to the
ARRA News Service
It's FREE & No Ads!

You will receive a verification email
& must validate you subscribed!

You Then Receive One Email Each AM
With Prior Days Articles / Toons / More

Also, Join us at:

Recent Posts:
Personal Tweets by the editor:
Dr. Bill - OzarkGuru - @arra
#Christian Conservative; Retired USAF & Grad Professor. Constitution NRA ProLife schoolchoice fairtax - Editor ARRA NEWS SERVICE. THANKS FOR FOLLOWING!

Action Links!
Arkansas State Senators
AR State Representatives
Arkansas Governor Office
Arkansas Attorney General
Bankrupting America
US House of Representatives
US Senators
Family Research Council
Sunshine Review

Facebook Accts - Dr. Bill Smith
ARRA News Service
Arkansans Against Big Government
Alley-White Am. Legion #52
Catholics & Protestants United Against Discrimination
End Taxpayer Funding of NPR
Overturn Roe V. Wade
Prolife Soldiers
Project Wildfire 4 Life
Republican Liberty Caucus of Arkansas
The Gold Standard
US Atty Gen Loretta Lynch, aka Eric Holder, Must Go
Veterans for Sarah Palin
Why Vote for Hillary (Satire)
FB Groups:
Arkansas For Sarah Palin
Arkansas Conservative Caucus
Arkansas County Tea Party
Arkansans' Discussion Group on National Issues
Blogs for Borders
Conservative Solutions
Conservative Voices
Defend Marriage -- Arkansas
FairTax Nation
Arkansas for FairTax
Friends of the TEA Party in Arkansas
Freedom Roundtable
Pro-Life Rocks - Arkansas
Republican Network
Republican Liberty Caucus of AR
Reject the U.N.


Request Via
Article Comment

Links to ARRA News
A Patriotic Nurse
Agora Associates
a12iggymom's Blog
America, You Asked For It!
Americans for a Free Republic
America's Best Choice
America's Whatchtower
An Ol’ Broad’s Ramblings
ARRA Twitter
As A Matter of Fact
As The Crackerhead Crumbles
Baaad Media!
Black & Right
Blogs For Borders
Blogs for Palin
Blow the Trumpet Ministry
Boot Berryism
Cap'n Bob & the Damsel
Chicago Ray Report
Chuck Baldwin - links
Citizen Pamphleteer
Common Cents
Conservative Hideout
Conservative Observer AZ
Conservative Voices
Conway Real Deal
Defeat Obama's Agenda
Diana's Corner
eGOP News
Florida Pundit
Franklin Online Outreach
Freedom For US Now
Free Zone Media Center
For God and Liberty
Garland County Republicans
Greater Fitchburg For Life
Lasting Liberty Blog
Liberal Isn't Amy
Liberty's Lifeline
Maggie's Notebook
Marathon Pundit
Monkey in the Middle
NASA Satellites
No Runny Eggs
Okie Campaigns
Our Voices Arkansas
Patriot's Corner
Publius Forum
Randy's Roundtable
Real Debate Wisconsin
Religion and Morality
Right on Issues that Matter
Right Reason
Rocking on the Right Side
Saber Point
Saline Watchdog
Secure Arkansas
Sentry Journal
Sultan Knish
Stop Obama Satire & Cartoons
The Arkansas Patriot
The Audacity of Logic
The Blue Eye View
The Bobo Files
The Born Again Americans
TEA Party Cartoons
The Conservative Citizen
The Foxhole | Unapologetic Patriot
The Liberty Republican
The Lid
The Looking Spoon
The Maritime Sentry
The O Word
The Path to Tyranny Blog
The Real Polichick
The War on Guns
Truth About Obamacare
Twitter @ARRA
Warning Signs
Women's Prayer & Action

Editor's Managed Twitter Accounts
Twitter Dr. Bill Smith @arra
Twitter Arkansas @GOPNetwork
Twitter @BootBerryism
Twitter @SovereignAllies
Twitter @FairTaxNation

Editor's Recommended Orgs
Accuracy in Media (AIM)
American Committment
American Culture & Faith Institute
American Enterprise Institute
American Family Business Institute
Americans for Limited Government
Americans for Prosperity
Americans for Tax Reform
American Security Council Fdn
AR Faith & Ethics Council
Arkansas Policy Foundation
Ayn Rand Institute
Bill of Rights Institute
Campaign for Working Families
CATO Institute
Center for Individual Freedom
Center for Immigration Studies
Center for Just Society
Center for Freedom & Prosperity
Citizens Against Gov't Waste
Citizens in Charge Foundstion
Coalition for the Future American Worker
Competitive Enterprise Institute
Concerned Veterans for America
Concerned Women for America
Declaration of Am. Renewal
Eagle Forum
Family Research Council
Family Security Matters
Franklin Center for Gov't & Public Integrity
Freedom Works
Gingrich Productions
Global Incident Map
Great Americans
Gold Standard 2012 Project
Gun Owners of America (GOA)
Heritage Action for America
David Horowitz Freedom Center
Institute For Justice
Institute for Truth in Accounting
Intercollegiate Studies Institute
Judicial Watch
Less Government
Media Reseach Center
National Center for Policy Analysis
National Right To Work Foundation
National Rifle Association (NRA)
National Rifle Association (NRA-ILA)
News Busters
O'Bluejacket's Patriotic Flicks
Open Secrets
Presidential Prayer Team
Religious Freedom Coalition
Renew America
Ron Paul Institute
State Policy Network
Tax Foundation
Tax Policy Center
The Club for Growth
The Federalist
The Gold Standard Now
The Heritage Foundation
The Leadership Institute
Union Facts

Blogs For Borders

Reject the United Nations

Adopt Our Troops in Prayer

Thousands of Deadly Islamic Terror Attacks Since 9/11

FairTax Nation on FaceBook
Friends of Israel - Stand with Israel
Blog Feeds
Syndicated - Get the ARRA News Service feed Syndicated!
ARRA Blog Feed

Add to Google Reader or Homepage

Add to The Free Dictionary

Powered by Blogger

  • To Exchange Links - Email:!
  • Comments by contributing authors or other sources do not necessarily reflect the position the editor, other contributing authors, sources, readers, or commenters. No contributors, or editors are paid for articles, images, cartoons, etc. While having reported on and promoting beliefs associated with the former Arkansas Republican Assemblies (ARRA), this blog/site is controlled and supported by the editor. This site/blog does not advertise for money or services nor does it solicit funding for its support.
  • Fair Use: This site/blog may contain copyrighted material the use of which has not been specifically authorized by the copyright owner. Such material is made available to advance understanding of political, human rights, economic, democracy, and social justice issues, etc. This constitutes a 'fair use' of such copyrighted material as provided for in section Title 17 U.S.C. Section 107 of the US Copyright Law. Per said section, the material on this site/blog is distributed without profit to readers to view for the expressed purpose of viewing the included information for research, educational, or satirical purposes. Any person/entity seeking to use copyrighted material shared on this site/blog for purposes that go beyond "fair use," must obtain permission from the copyright owner.
  • © 2006 - 2018 ARRA News Service
Creative Commons License
Creative Commons Attribution Noncommercial Share Alike 3.0 Unported License.