Alan Auerbach writes for Bloomberg, Oct. 27, 2017
The U.S. business tax system sorely needs reform, particularly in the way it deals with multinational corporations. But we must pay close attention to what Congress and the Trump administration propose. Change in the guise of reform has the capacity to make things worse, and the secretive, often chaotic nature of the current process provides ample opportunity to do so.
Alan Auerbach quoted by The Washington Post, Oct. 16, 2017
Auerbach says business tax cuts can increase wages “under some circumstances.” But he does not think that simply cutting the rates from 35 percent to 20 percent is enough.
Alan Auerbach quoted by The Washington Post, Sept. 27, 2017
Trump and Congress have to get the tax recipe right if they really want to have a good chance at boosting middle-class wages. Auerbach says there are two things lawmakers should do.
First, they need to ensure the 2017 (or 2018) tax bill doesn’t add to America’s $20 trillion debt. Second, they need to find ways to incentivize business investment.
Alan Auerbach quoted by The Washington Post, Aug. 30, 2017
Alan Auerbach … said some of the ideas Trump floated during the speech could boost economic growth and potentially grow wages, but it would depend on how the tax changes were designed and structured. He also said it would depend greatly on whether the tax plan would add to the government debt. Trump didn’t mention his plan’s impact on the debt or the deficit during the speech. “It’s hard to have a consensus about a policy about which you know very little,” Auerbach said.
Alan Auerbach quoted by San Francisco Chronicle, April 15, 2017
Alan Auerbach … dismissed the $1,700 increase as “silly” and “outside the range” of economic projections of what the tax might do. … “It would encourage companies to make their products in America,” said Auerbach, who thinks it would also convince some Silicon Valley companies, such as Google and Apple, to stop basing operations in countries like Ireland, which have much lower corporate tax burdens.
Alan Auerbach quoted by San Francisco Chronicle, Jan. 29, 2016
“If you’re in an industry where being in California isn’t important, then California probably isn’t a good place to operate,” said Alan Auerbach. … “One reason the state’s economy does well is because of the strong (geographic) advantages some industries have.”
Alan Auerbach cited in The Daily Californian, Oct. 8, 2015
Alan Auerbach … said the study didn’t account for the potential shift of soda purchases from Berkeley to Oakland in response to the tax.
Alan Auerbach quoted in San Francisco Chronicle (registration required), September 28, 2015
The overall result of Trump’s plan, said Auerbach, “is sort of a bizarre hybrid between Obama’s plan and what Republicans want. It’s sort of Obama’s plan without the revenue.”
Alan Auerbach quoted on MSNBC.com, September 16, 2015
“At the end of the day, Reagan had very strong views on issues like tax cuts and military build-up, but on the other hand he was willing to make deals,” Auerbach said. “As much as Reagan criticized the policies of his predecessor and criticized the policies of Democrats, he wasn’t going to shut the government down.”
Alan Auerbach quoted in San Francisco Chronicle (registration required), Sept. 5, 2015
“The sales pitch sounds great,” said Alan Auerbach, a professor of economics and law at UC Berkeley. … “Then you’re going to have to tell people how you’re going to do it.”