Word: taxed
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Hubbard promoted abolishing taxes on capital investment—effectively creating a tax system centering on consumption instead of on savings and investment...
...driving force behind Bush’s controversial $674 billion tax cut package designed to promote economic growth, which included an end to the double taxation of dividends that corporations pay their shareholders...
Hubbard praised the Federal Reserve’s recent performance—its “commitment to price stability” and it “remarkable job in cutting the inflation tax on investment”—in a column he wrote for Business Week in January...
...Fed’s victory over inflation constitutes what is, in effect, the biggest tax cut for investment over the past two decades,” he wrote...
Hubbard went off to Washington in 1991, spending two years as the deputy assistant secretary for tax analysis at the Treasury Department under President George H. W. Bush. In the late 1980s and early 1990s, he also took on positions at the Cambridge-based National Bureau of Economic Research and at the American Enterprise Institute, a conservative Washington think tank. He also spent a year at the University of Chicago as a visiting professor in 1994 before assuming a professorship at Columbia...