Top Quotes & Sayings by Andrew Samwick

Explore popular quotes and sayings by an American economist Andrew Samwick.
Last updated on December 22, 2024.
Andrew Samwick

Andrew Alan Samwick is an American economist, who served as Chief Economist on the staff of the United States President's Council of Economic Advisors from July 2003 to July 2004. Samwick is currently Professor of Economics at Dartmouth College and the director of the Nelson A. Rockefeller Center for Public Policy and the Social Sciences. He has also held teaching positions at Columbia University’s Graduate School of Business. In 2009, Samwick was named the New Hampshire Professor of the Year by the Carnegie Foundation for the Advancement of Teaching. He is also a current editor of Economics Letters.

You are smart people. You know that the tax cuts have not fueled record revenues. You know what it takes to establish causality. You know that the first order effect of cutting taxes is to lower tax revenues. We all agree that the ultimate reduction in tax revenues can be less than this first order effect, because lower tax rates encourage greater economic activity and thus expand the tax base. No thoughtful person believes that this possible offset more than compensated for the first effect for these tax cuts. Not a single one.
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