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Martin Feldstein

Martin Feldstein

George F. Baker Professor of Economics at Harvard University

Member of the Board, Belfer Center for Science and International Affairs

Contact:
Telephone: 617-868-3900
Email: mfeldstein@harvard.edu
Website: http://www.nber.org/feldstein

 

 

By Date

 

2011 (continued)

(AP photo)

May 5, 2011

"Raise Taxes, but Not Tax Rates"

Op-Ed, New York Times

By Martin Feldstein, George F. Baker Professor of Economics at Harvard University

Reducing the budget deficit and stopping the explosion of our national debt will require more tax revenue as well as reduced government spending. But the need for more revenue needn’t mean higher tax rates.

 

 

March 2, 2011

"Quantitative easing fits profile in American rebound mystery"

Op-Ed, The Age

By Martin Feldstein, George F. Baker Professor of Economics at Harvard University

There is no doubt the American economy rallied strongly at the end of last year, Martin Feldstein writes. "But how much of that was due to the US Federal Reserve's temporary policy of so-called 'quantitative easing'? And what does the answer mean for the US economy this year?"

 

 

February 15, 2011

"Want to Boost the Economy? Lower Corporate Tax Rates"

Op-Ed, Wall Street Journal

By Martin Feldstein, George F. Baker Professor of Economics at Harvard University

President Obama has reached out to the business community with talk of lowering the corporate tax rate and improving the tax treatment of profits earned abroad by American companies. That would certainly be an important improvement in our tax system. Unfortunately, his desire to use the elimination of "loopholes" to avoid any loss of corporate tax revenue means that he cannot possibly go far enough in reducing corporate tax rates.

 

 

January 3, 2011

Obama changes stance on business

Op-Ed, JoongAng Daily

By Martin Feldstein, George F. Baker Professor of Economics at Harvard University

"The tax package agreed to by President Barack Obama and his Republican opponents in the United States Congress represents the right mix of an appropriate short-run fiscal policy and a first step toward longer-term fiscal prudence," writes Martin Feldstein, a member of the White House Economic Recovery Advisory Board and the Belfer Center's board of directors.

 

2010

AP Photo

November 29, 2010

"How to cut the deficit without raising taxes"

Op-Ed, Washington Post

By Martin Feldstein, George F. Baker Professor of Economics at Harvard University

There is a way to cut budget deficits without raising tax rates. "Tax expenditures" are the special features of U.S. income tax law that subsidize mortgage borrowing, health insurance, local government spending and more. Although these subsidies are a form of government spending, they are counted as reduced tax revenue rather than increased government outlays. Yet tax expenditures increase the deficit by hundreds of billions of dollars a year, more than the total cost of all non-defense programs other than Social Security and Medicare.

 

 

(AP Photo/Mark Lennihan)

November 18, 2010

"The Deficit Dilemma and Obama's Budget"

Op-Ed, Wall Street Journal

By Martin Feldstein, George F. Baker Professor of Economics at Harvard University

"The stubbornly high unemployment rate is our economy's top problem today, but our exploding national debt is the more serious problem for the future," writes Martin Feldstein. "The recent proposal by Erskine Bowles and Alan Simpson, the chairmen of the bipartisan National Commission on Fiscal Responsibility and Reform, shows how difficult it will be to cut deficits and slow the growth of the national debt."

 

 

(AP Photo)

October 1, 2010

"Japan's Savings Crisis"

Op-Ed, Daily News Egypt

By Martin Feldstein, George F. Baker Professor of Economics at Harvard University

George F. Baker Professor of Economics at Harvard University, Martin Feldstein, writes: The potential future clash between larger fiscal deficits and a low household saving rate could have powerful negative effects on both Japan and the global economy.

 

 

May 18, 2010

"For a Solution to the Euro Crisis, Look to the States"

Op-Ed, Washington Post

By Martin Feldstein, George F. Baker Professor of Economics at Harvard University

"Although the 50 states share a currency and each sets its own spending and tax policies, state deficits remain very low. Even California has a deficit of only about 1 percent of the state's GDP and total general obligation debt of less than 4 percent of state GDP. The basic reason for these small deficits is that each state's constitution prohibits borrowing for operating purposes. States can issue debt to finance infrastructure but not salaries, services, transfer payments or other operating expenses."

 

 

AP Photo

May 18, 2010

"For a solution to the euro crisis, look to the states"

Op-Ed, Washington Post

By Martin Feldstein, George F. Baker Professor of Economics at Harvard University

The Greek budget crisis has made it clear that something must be done to limit fiscal deficits in eurozone countries. The attempt to do so with the group's Stability and Growth Pact has failed. Although the pact "requires" all eurozone countries to keep deficits below 3 percent of gross domestic product, not one of the 16 members is in compliance. The average deficit of the eurozone countries exceeds 7 percent of GDP. Something new is needed.

 

 

AP Photo

May 12, 2010

"Extend the Bush Tax Cuts—For Now"

Op-Ed, Wall Street Journal

By Martin Feldstein, George F. Baker Professor of Economics at Harvard University

"Congress should move quickly to reassure taxpayers and financial markets that the current tax rates will be preserved for two years but that further tax cuts will depend on the future fiscal outlook."

 

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