A Quote by Glenn Hubbard

President Obama has ignored or dismissed proposals that would address our anti-competitive tax code and unsustainable trajectory of federal debt - including his own bipartisan National Commission on Fiscal Responsibility and Reform - and submitted no plan for entitlement reform.
Obama's Democrats have become the part of no. Real cuts to federal budget? No. Entitlement reform? No. Tax reform? No. Breaking the corrupt and fiscally unsustainable symbiosis between public-sector unions and state governments? Hell no.
Now, the president would like to do tax reform, which would obviously lower rates for most people in America and make the tax code fair and get rid of loopholes and special treatment. But absent tax reform, the president believes the right way to get our fiscal house in order is ask the wealthy to pay their fair share.
I took office as president in January 2003, and in April 2003, I sent to Congress my first proposal for tax reform. Some parts were voted on, with respect to federal taxes, and then it came to a standstill. Why? Because each state is interested in its own tax reform, has its own tax policy, and each state has its federal deputies and senators.
Obama and his Democrats need to be placed on the defensive. They are the primary drivers of this spending; they are the obstructers of entitlement reform and the national debt continues to burn while they fiddle.
I balanced the budget for four straight years, paid off $405 billion in debt - pretty conservative. The first entitlement reform of your lifetime - in fact, the only major entitlement reform now is welfare.
We have to have structural entitlement reform, major spending cuts and not tax increase-retardants on economic growth to reverse our current course toward national bankruptcy, but Obama steadfastly remains on the wrong side of all these solutions.
Obama seemed poised to realign American politics after his stunning 2008 victory. But the economy remains worse than even the administration's worst-case scenarios, and the long legislative battles over health care reform, financial services reform and the national debt and deficit have taken their toll. Obama no longer looks invincible.
With a host of proposals on the table and a President examining new ideas for health reform, we have an obligation to give real reform our best shot.
I served three terms in the U.S. Senate and was co-chairman of the National Commission on Fiscal Responsibility and Reform in 2010. So I know a bit about how Washington operates, and I have had plenty of experience doing the work of running for office.
Tax reform is the legislative challenge of a generation for America. It hasn't been accomplished since 1986, when President Reagan and Congress delivered the most sweeping overhaul of our nation's tax code in American history. 2017 is the year to change that and make history of our own.
Have you ever noticed how statists are constantly "reforming" their own handiwork? Education reform. Health-care reform. Welfare reform. Tax reform. The very fact that they're always busy "reforming" is an implicit admission that they didn't get it right the first 50 times.
In order to truly get deficit spending and federal debt under control, the Trump administration is going to have to eventually address entitlement reform. If not, Trump will not only become part of the Washington status quo on the issue, but will leave burdensome and expensive problems for future generations.
As Congress debates overhauling the nation's health care system, it should not authorize a reform plan that would further our financial woes. We must avoid creating an unsustainable government program. There is no question that reform is needed, but health care can be made more affordable without massive and expensive new bureaucracies.
We need to enact fundamental tax reform. The weight and complexity of our 73,000-page tax code are crushing everyday Americans. We need to radically simplify the tax code so that we can re-start the real engine of growth in our economy. That means our tax code needs to go from 73,000 pages down to about three pages.
We pursued the wrong policies. George Bush is not on the ballot. Bill Clinton is not on the ballot. Mitt Romney is on the ballot, and Barack Obama is on the ballot. And Mitt Romney is proposing tax reform, regulatory reform, a wise budget strategy and trade. The president has proposed tax increases.
We need a new tax system. We need entitlement reform. We need immigration reform. These are not easy things. But it is going to take our political system working better.
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