Taxes can set the level of activity around which the economy fluctuates, but they have very little effect on the fluctuations themselves. Kevin Hassett More Quotes by Kevin Hassett More Quotes From Kevin Hassett If you look at the geographic variation in long-term unemployment, it's really striking. There are pockets where employers don't want to go, but for some reason, in part because of adequate safety nets, people don't want to leave. Kevin Hassett look you safety people There are folks who we have a moral responsibility to help, who are going to cost the taxpayers lots of money in the future, so there's a strong argument for us to help them with current cash. Kevin Hassett future money strong responsibility Today we hear that the gains from economic growth accrue to the highest-income earners while the standard of living of the poor and middle America stagnates and the gap between the richest and the poorest grows ever wider. That portrait of the country is wrong. Kevin Hassett growth poor today country Given the importance of Washington, outsiders probably have an unrealistic perspective on how large the city is. The fact is, Washington D.C. is a small town, and most everyone knows most everyone else. That person of the other party who you despise will someday be at your daughter's birthday party. Kevin Hassett you perspective daughter birthday When a totally offensive tax hits a few million people, Washington is prepared to look the other way. But when everyone is harmed, self preservation kicks in, and Washington gets going. Kevin Hassett look self people way Historically, figuring out what to do to the tax code has been almost as contentious a political issue as judicial appointments. Kevin Hassett tax out judicial political Too often, politics is like bad theater. The mass media simplifies stories and personalities into their most basic, digestible and familiar bits. Listeners prefer songs they have heard before, after all. Kevin Hassett bad like media politics The most real characters in a great play are those who are so meticulously drawn that the audience could predict how many pairs of shoes they might have in their closet or how many close friends they had in grade school. Have any of our public figures been as fully developed in the media? Kevin Hassett great friends shoes school The problem is that there is no reliable source of information left, no way to accumulate trusted accounts of the plusses and minuses of any given political choice. Kevin Hassett information political problem way We've created the class of folks who are unemployed for longer than a year that it's very, very difficult to reconnect to society. Kevin Hassett year difficult society class What we should do, if you want to give more money to the people who are currently unemployed, just give them the money. Give them a lump sum of cash. Don't make them stay unemployed for another three months in order to get the checks. Kevin Hassett you money want people Economists have the same occupational hazard as baseball managers and football coaches: Every person on the street knows their job better than they do. Kevin Hassett street better job football Lunchroom economic conversations are inevitably graced with at least one statement from an old-timer along the lines of, 'In my day, we walked 10 miles in the snow just to get to the recession.' In fact, the nature of recessions hasn't changed much over the years. Kevin Hassett day economic nature snow The term 'business cycle' is imprecise. Economic fluctuations affect everyone, not just businesses, and they are, unlike astral cycles, anything but regular. Kevin Hassett everyone just economic business The fact is that any carbon legislation is designed to make us not use coal. So if you're a state that has a lot of coal, you're going to get hammered. Kevin Hassett going us get you I think that one of the things that we have to recognize is that the longer somebody doesn't have a job, the harder it is to get a new job. You know, the reality is that if you're out of job, and you're looking for a job, then the new employer's going to say, 'Well, why, you know, don't you have a job now? What's wrong with you?' Kevin Hassett looking job you reality I am actually an open borders kind of guy. Kevin Hassett open i-am borders guy For an American, as mad you may be about whatever the EPA or the IRS does, just imagine if you only had a one twenty-eighth vote over what it does. You were in this place with this big bureaucracy that sets rules, and you only have a small vote. You'd feel like you've given up your sovereignty, wouldn't you? Kevin Hassett feel place you vote If the U.S. doubled its total immigration and prioritized bringing in new workers, it could add more than half a percentage point a year to expected GDP growth. Kevin Hassett new year immigration growth Liberalized trade - in broadly multilateral, regional, or bilateral agreements - is a key ingredient in the recipe for prosperity... An absolute prerequisite for long-term economic growth is full participation in the global economy and trading system. Kevin Hassett key economic-growth economic growth
