Senior Fellow at the Center on Budget and Policy Priorities
Con to the question "Does Lowering the Federal Corporate Income Tax Rate Create Jobs?"
"Corporate income taxes are important sources of revenue that states use to fund public services, including services essential to long-term economic growth like education, infrastructure, health care, and public safety… A number of gubernatorial candidates have made corporate tax cuts key planks of their campaign platforms. This continues a trend of the past couple of years, during which policymakers in several states have proposed cutting corporate income tax rates — or even eliminating the tax completely — as a strategy for stimulating economic growth and creating jobs. These proposals, however, offer false hope. Corporate income tax cuts are unlikely to have a positive impact on a state’s rate of economic growth or the pace at which it generates private-sector jobs."
"Cutting State Corporate Income Taxes Is Unlikely to Create Many Jobs," cbpp.org, Sep. 14, 2010
Experts Individuals with PhDs, MBAs, and other post-graduate degrees in economic or finance-related fields, heads of government, members of federal legislative bodies, and individuals with graduate degrees and significant post-graduate involvement in fields relevant to the study of economics. [Note: Experts definition varies by site.]
Involvement and Affiliations:
Senior Fellow, Center on Budget and Policy Priorities, Jan. 1998-present
Director of Policy Research and Director of Information, Multistate Tax Commission, 1989-1997
Policy Analyst, Department of Public Policy, American Federation of State, County and Municipal Employees (AFSCME), 1982-1989
MBA, Public and Private Management, Yale University, 1982
BA, Economics and Government, Oberlin College, 1976