To A Meeting of the Prosperity Caucus

with Guest Speaker

Jason Furman

Deputy Director of the National Economic Council

Who will talk about

“The Essentials of Pro-Growth Corporate Tax Reform”



Wednesday February 29, 2012

6:00 p.m.

Location

ITIF

1101 K. Street NW, Suite 610

Washington, DC

Directions to ITIF

RSVP

Jason Furman is the Principal Deputy Director of the National Economic Council and a leading expert on tax policy.  He was previously the director of the Hamilton Project at the Brookings Institute—as well as a professor at New York University and a senior economic advisor in the Clinton Administration.  He holds a Ph.D. in economics from Harvard.

Daniel Corrin from Washington, D.C., notes that “every January the federal government increases retirees’ Social Security payments, federal pensions, and government workers’ salaries by the growth in the Consumer Price Index.” He suggests that the federal government wait until the cost of living has gone up by 5 percent before implementing any of these Cost of Living Adjustments. Assuming a steady 3 percent inflation rate, for example, the federal government would give out a 5 percent COLA every 20 months instead of a 3 percent one every year. Over time, the savings add up (Corrin’s back-of-the-envelope calculation has the federal government cutting spending by more than $250 billion over the first five years).

The entire article can be found here.