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The Opioid Epidemic Is Devastating. It’s Also Really Expensive.

The opioid epidemic, which each year claims more lives than the entirety of American deaths in the Vietnam War, is also a growing financial burden. According to a new report from the White House Council of Economic Advisers, the epidemic cost the nation $504 billion in 2015—about 2.8 percent of the nation’s gross domestic product. […]

Opioid-Related Deaths Drained $500 Billion From The US Economy In 2015

The national opioid epidemic is even larger drain on the US economy than previously believed, according to a new analysis from the White House Council of Economic Advisers. The cost of opioid-related deaths in 2015 was $504 billion,Show More Summary

White House: True cost of opioid epidemic tops $500 billion

The White House says the true cost of the opioid drug epidemic in 2015 was $504 billion, or slightly over half a trillion dollars. The Council of Economic Advisers says … Click to Continue »

Cohn: 'Why Aren't the Other Hands Up?'

President Trump's top economic adviser, Gary Cohn, looked out from the stage at a sea of CEOs and top executives in the audience Tuesday for the Wall Street Journal's CEO Council meeting. As Cohn sat comfortably onstage, a Journal editor asked the crowd to raise their hands if their company plans to invest more if the tax reform bill passes. Show More Summary

Morning Bits

Why not a jobs program instead of universal basic income? Robert Rubin (no relation): “Though public jobs programs are associated with Democrats, Kevin Hassett, chairman of the Trump administration’s Council of Economic Advisers, recently backed the idea, creating the possibility of bipartisan support.... The universal basic income wouldn’t help people upgrade skills and […]

Top Trump economic advisor smugly rips tax plan critics — then refuses to stake his reputation on outcome

3 weeks agoNews : The Raw Story

Appearing with CNN host Fareed Zakaria, the chair of the White House Council of Economic Advisers condescendingly ripped critics of the GOP’s tax plan  — but refused to stake his personal reputation on its success. Kevin Hassett, who is one of President Donald Trump’s top economic...

The White House is making a staggering claim about how Trump's tax plan would boost the US economy

A new report from President Donald Trump's Council of Economic Advisers estimated the effects on economic growth from a proposed corporate tax rate cut. The CEA report said just a corporate rate cut would boost GDP growth to an annual...Show More Summary

White House says tax cuts could add $1.2T to US economy

WASHINGTON (AP) — President Donald Trump's top economist is doubling down on claims that corporate tax cuts would spark economic growth and boost incomes. Kevin Hassett is chairman of the White House Council of Economic Advisers. Hassett says the plan to slash the corporate tax rate from 35 percent to 20 percent could increase the size of the U.S. Show More Summary

There Is More Than Meets the Eye When Analyzing the UK’s Corporate Tax Cut

A little over a week ago the President’s Council of Economic Advisers (CEA) released a report on the relationship between corporate tax reform and wage growth. Later that week, Kimberly Clausing and Edward Kleinbard from Vox wrote a response in which they criticized the report’s key findings by drawing on the United Kingdom’s recent experience […]

Corporate Profit Tax Cuts and Wages: the UK Experience

Kimberly Clausing and Edward Kleinbard have each written some interesting papers on transfer pricing. Here they team up on a different topic: The President’s Council of Economic Advisers claims that slashing the corporate tax rate to...Show More Summary

Clausing & Kleinbard: Trump’s Economists Say A Corporate Tax Cut Will Raise Wages by $4,000. It Doesn’t Add Up.

Following up on Tuesday's post, Council of Economic Advisers: Reducing Corporate Tax Rate From 35% To 20% Would Increase Household Income By $4,000/Year: Kimberly Clausing (Reed) & Edward Kleinbard (USC), Trump’s Economists Say a Corporate Tax Cut Will Raise Wages by $4,000. It Doesn’t Add Up.: The President’s Council of...

Will Corporate Tax Cuts Really Increase worker Incomes By $4,000?

The White House Council of Economic Advisers put out a paper this week defending a very bold prediction: A cut in the corporate tax rate...

Council of Economic Advisers: Reducing Corporate Tax Rate From 35% To 20% Would Increase Household Income By $4,000/Year

Council of Economic Advisers, Corporate Tax Reform and Wages: Theory and Evidence: Wage growth in America has stagnated. Over the past eight years, the real median wage in the U.S. rose by an average of six-tenths of a percent per year. But even as Americans’ real wages stagnated, real corporate...

White House Math on Corporate Tax Cuts Is “Absolutely Crazy,” Experts Say

Last week, President Donald Trump told a group of truckers that his proposed corporate tax cut would give the average American family $4,000 per year. “That’s very exciting,” Trump said. On Monday, his Council of Economic Advisers issued a 14-page report that backed up Trump’s claim. Unfortunately for those truckers—and every other American household—experts say the […]

Hassett on Tax Cuts and Growth

(October 15, 2017 10:29 PM, by David Henderson) On October 5, Kevin Hassett, the new chairman of President Obama's Council of Economic Advisers, gave an excellent talk at the Tax Policy Center. The topic was taxes and economic growth. The transcript of the talk is here. The video... (0 COMMENTS)

Will A Corporate Rate Cut Really Increase US Jobs And Wages?

Kevin Hassett, chair of President Trump’s Council of Economic Advisers, argued today that the corporate tax cuts in the Sept. 27 Republican Unified Framework would...

Kevin Hassett’s Remarks on Tax Reform

This morning, we were pleased to cohost an event with the Urban-Brookings Tax Policy Center which featured the first public address by the new Council of Economic Advisers Chairman Kevin Hassett. Mr. Hassett outlined how the key elements of the tax reform Framework would boost wages and economic growth while making the U.S. more competitive. Based […]

Gary Cohn repeatedly dodges questions on whether the tax plan will help Trump

Gary Cohn, the White House economic adviser and chair of the National Economic Council, repeatedly sidestepped questions Thursday on whether President Donald Trump's recently released tax plan would benefit the president or his businesses. Numerous...Show More Summary

Senate backs Trump pick for Economic council

The Senate has confirmed President Donald Trump's choice to head the Council of Economic Advisers. The vote was 81-16 on Tuesday for Kevin Hassett, a tax expert at the right-leaning … Click to Continue »

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