Alan Auerbach cited in The Wall Street Journal, March 14, 2012
Modern economic theory and empirical evidence—including a series of papers by one of us (Hassett) and Alan Auerbach of the University of California, Berkeley—show that raising taxes on dividends at the individual level increases the cost of equity capital and lowers asset prices, harming consumers while hindering firms’ ability to hire workers.
The Wall Street Journal, The Numbers Guy, February 18, 2012 by Carl Bialik
http://on.wsj.com/GEWpix
“This is, in a sense, an issue of what the right debt measure is,” says Alan Auerbach, an economist at the University of California, Berkeley. “Implicit liabilities belong in there somewhere, although there is no simple aggregation.”
-The New York Times, January 6, 2012 by Binyamin Appelbaum
http://nyti.ms/wQaAQr
A recent study of federal spending since World War II by Alan Auerbach and Yuriy Gorodnichenko, both economists at the University of California, Berkeley, found that the economic benefits from nonmilitary spending were at least 50 percent larger than those from defense spending during periods of normal growth.
-Bloomberg, January 6, 2012 by the Editors
http://wapo.st/wvzhqo
Ultimately, everyone will have to contribute―in the form of increased taxes, curtailed services or both. The longer we wait, the worse the problem will get: Auerbach estimates that another five years of current policy would bring the structural budget deficit to 5.8 percent of GDP a year.
National Journal, January 5, 2012 by Nancy Cook
http://www.nationaljournal.com/magazine/romney-s-red-blooded-fiscal-policy-20120105
“It’s hard to see how you would benefit under Romney if you’re making under $75,000 a year,” says Alan Auerbach, the Robert D. Burch professor of economics and law at the University of California (Berkeley).
KQED News, December 29, 2011 Host Kelly Wilkinson
http://www.kqed.org/a/kqednews/RN201112291730/a
“It’s part of the governor’s agenda to shift responsibilities to the local governments without giving them enough money to pay for it. It’s what we’re observing at the national level, too, the federal government is shifting responsibility onto the states and not giving them the money to pay for it. It’s what governments do when they don’t have enough money.”
National Public Radio, December 10, 2011 by Joel Rose
http://www.npr.org/2011/12/10/143481423/alternate-routes-to-one-goal-tax-the-wealthy
“The very word ‘deal’ doesn’t exist out here,” says Alan Auerbach.
KQED-FM, November 22, 2011 Host Cy Musiker
http://www.kqed.org/a/kqednews/RN201111221730/a
“Certainly relying more on sales tax and less on the income tax would probably help reduce the volatility of state revenues, which is one of the main objectives of this proposal.”
San Francisco Chronicle, November 9, 2011 by Joe Garofoli
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2011/11/09/MN7I1LRKVN.DTL&type=printable
“All of these plans would lower taxes on high-income earners,” said Alan Auerbach, a professor of economics and law at UC Berkeley.
KQED-FM, October 21, 2011 Host Dave Iverson
http://www.kqed.org/a/forum/R201110210900
“What are the potential benefits of this proposal, both in the short run, when we’re still in a weak economy, or the long run? Of course, the answers will differ whether it’s the opponents or the candidates giving the answer.”
-San Francisco Chronicle, October 5, 2011 by Joe Garofoli
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2011/10/04/MNAM1LDF8C.DTL
“Cain is sort of out there on Mars, saying we’re going to cut revenues below what anyone else is proposing,” Auerbach said. “I don’t know how this can be taken seriously.”
-The Sacramento Bee, October 13, 2011 by Alana Semuels
(Go to G:Law School in the NewsNews Clips for article)
There’s an economic argument for simplicity, too, said Alan Auerbach…. Scrapping the current complicated tax system would reduce the difficulty taxpayers have in complying with the IRS, and would make it more difficult for people to avoid paying taxes.
Bloomberg Business Week, September 19, 2011 by Glen Hubbard
http://buswk.co/oOwqak
Indeed, research by Alan Auerbach of the University of California at Berkeley suggests that tax reform can add between one-half and a full percentage point to GDP growth over the next decade.
The Sacramento Bee, August 31, 2011 by David Siders
http://www.sacbee.com/2011/08/31/3873672/jerry-brown-talks-jobs-now-that.html
“To a large extent, jobs in California are hostage to jobs in the United States,” said Alan Auerbach, an economist at UC Berkeley. “You can’t separate the California economy from the U.S. economy. That’s really beyond the governor’s reach.” Still, Auerbach said, through broad policy initiatives a governor “can essentially force an industry to grow.” He cited as an example Brown’s signing in April of legislation requiring California utilities to obtain one-third of their electricity from renewable sources by 2020.
The Washington Post with Bloomberg, August 12, 2011 by Brad Plumer
http://wapo.st/p9iAdd
“It’s true that drastically reducing the corporate tax rate would make the U.S. a more attractive place to invest — and probably turn us into a tax haven,” says Alan Auerbach, a tax expert at the University of California at Berkeley. But, he notes, how would you make up the revenue?
The New York Times, August 4, 2011 by Catherine Rampell
http://www.nytimes.com/2011/08/05/us/politics/05deficit.html?_r=1&scp=2&sq=Berkeley&st=nyt
Previous efforts by Congress to bind its own hands have almost always failed. “I’m a skeptic about these kinds of things,” said Alan J. Auerbach, an economics and law professor at the University of California, Berkeley. “You’re sort of saying, ‘I can’t control myself, so I’m putting in this external mechanism to control myself, but I’m also in control of the external mechanism.’”
The Sacramento Bee, July 24, 2011 by Kevin Yamamura
http://www.sacbee.com/2011/07/24/3790500/california-lowers-taxes-raises.html
Because of the way financial aid works, the general belief is that low-income families will still be spared from tuition hikes, while upper-income families can afford to absorb them. Alan Auerbach, an economist and tax expert at UC Berkeley, said that “as unpopular as higher tuition is, if we think about the subsidies implicit in very low tuition, some relatively affluent people are benefiting from it.”
Contra Costa Times, July 22, 2011 by Tom Barnidge
http://www.contracostatimes.com/ci_18535229?IADID=
“It’s not clear,” said Auerbach, “why you need a program that continues to offer sizable social security benefits to high-income people…. Unlike many other things in our federal budget, Social Security is not beyond repair. We know what measures will work.”
San Francisco Chronicle, July 20, 2011 by Joe Garofoli
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2011/07/20/MNCO1KCA06.DTL
“It makes more sense to think of these individuals as earning this as compensation. They’re not business owners. They’re getting this percentage of the returns that the company is making as compensation for their work. If it were paid as wages and salaries, they’d be taxed at ordinary income rates.”
The New York Times, July 17, 2011 by Binyamin Appelbaum
http://www.nytimes.com/2011/07/18/us/18econ.html?_r=2&scp=1&sq=Berkeley&st=nyt
“It’s coming to be accepted wisdom that it’s better to have spending cuts than tax increases,” said Alan Auerbach.
TIME, June 30, 2011 by Jens Erik Gould
http://www.time.com/time/nation/article/0,8599,2080637,00.html
“He hasn’t necessarily lost on some of the tax extensions. There’s still some chance of getting some of those things,” says Alan Auerbach. “We need reforms on the spending side and on the tax side so that we don’t have to confront these kinds of problems every year. But certainly for the time being, I think this is progress.”
The Washington Post, The Fact Checker, June 27, 2011 by Glenn Kessler
http://wapo.st/lOmiWE
“It’s hard to think of any new policies that have made the long-run problem appreciably worse (as opposed, for example, to the adoption of Medicare Part D [prescription drugs] in 2003, which created a huge new unfunded liability).”