Word: hufbauer
(lookup in dictionary)
(lookup stats)
Dates: during 1990-1999
Sort By: most recent first
(reverse)
...problem with this plan, many economists say, is that it vastly overestimates the extent to which non-U.S. companies have been evading taxes. "The $45 billion number is out of sight," observes Gary Hufbauer, an economist at the Institute for International Economics in Washington. "He might get $6 billion in additional revenues." Says economist Rudolph Penner, the former director of the Congressional Budget Office: "The numbers are so far off what is reasonable that it's difficult to know where to begin -- $1 billion seems more likely than $45 billion." Aside from Clinton's proposal, the highest estimate...
...jobs, have little motivation to move their profits elsewhere. Germany's corporate tax rate is 51% and Japan's is 46%, while the rate in the U.S. is only 34%. "There's just not much incentive for these companies to move their profits to higher-tax countries," says Hufbauer...
...both sides calm down and return to the negotiating table, Washington enjoys the upper hand. "On this case the U.S. is right," says Gary Hufbauer, a trade specialist at the Brookings Institution in Washington, voicing a widely held judgment among economists. Still, no one can deny that the U.S. zealously protects its domestic sugar, peanut and tobacco industries, among others. U.S. farmers retain considerable political power themselves: one of their lobbies reportedly twice foiled a GATT deal just as the two sides had come close to an agreement...
...very factor that made sanctions a modest success against South Africa, though, may make that success unrepeatable. Sanctions have been instituted 115 times since World War I, but usually without much effect. Gary Hufbauer, professor of international finance at Georgetown University, calculates that only 30% of the restrictions imposed during the past decade have had even a marginal effect in changing a target nation's policies...
Reaction has been mixed. Gary Hufbauer, a Georgetown University economist, estimates that a Social Security tax cut would create a million jobs and thus add a million extra contributors to the trust fund. But Republican Senator Phil Gramm of Texas warns against "soaking the rich." Says he: "We should be debating tax cuts, but we shouldn't mess with Social Security. The system isn't broke: don't fix it." The plan's critics argue that it could cost the federal government $50 billion a year in lost revenue, a claim challenged by Moynihan...