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137 economists sign open letter to Congress supporting GOP tax reform bill

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Our colleagues from across the ideological spectrum – regardless of whether they ultimately support or oppose the current plan – recognize the record-setting rate at which the United States taxes job-creating businesses is, either significantly or entirely, a burden borne by the workers they employ. The question isn't whether American workers are hurt by our country's corporate tax rate – it's how badly. As such, the question isn't whether workers will be helped by a corporate tax rate reduction – it's how much.



The enactment of a comprehensive overhaul – complete with a lower corporate tax rate – will ignite our economy with levels of growth not seen in generations. A twenty percent statutory rate on a permanent basis would, per the Council of Economic Advisers, help produce a GDP boost "by between 3 and 5 percent." As the debate delves into deficit implications, it is critical to consider that $1 trillion in new revenue for the federal government can be generated by four- tenths of a percentage in GDP growth.



Sophisticated economic models show the macroeconomic feedback generated by the TCJA will exceed that amount – more than enough to compensate for the static revenue loss.



We firmly believe that a competitive corporate rate is the key to an economic engine driven by greater investment, capital stock, business formation, and productivity – all of which will yield more jobs and higher wages. Your vote throughout the weeks ahead will therefore put more money in the pockets of more workers.



Supporting the Tax Cuts and Jobs Act will ensure that those workers – those beneficiaries – are American.



Sincerely,



James C. Miller III, Former OMB Director, 1985-88



Douglas Holtz-Eakin, American Action Forum



Alexander Katkov, Johnson & Wales University



Ali M. Reza, San Jose State U (Emeritus)



Ann E. Sherman, DePaul University



Anthony B. Sanders, George Mason University



Anthony Negbenebor, Gardner-Webb University



Arthur Havenner, University of California, Davis



Austin J. Jaffe, Penn State University



Barry W. Poulson, University of Colorado



Boyd D, Collier, Tarleton State University, Texas A&M University System (Emeritus)



Brian Stuart Wesbury, Joint Economic Committee



Carlisle E. Moody, College of William and Mary



Charles W. Calomiris, Columbia University



Christine P. Ries, Georgia Institute of Technology



Christopher C. Barnekov, FCC (Retired)



Christopher Lingle Universidad Francisco Marroquin



Clifford F. Thies, Shenandoah University



Daniel Fernandez Universidad Francisco Marroquin



Daniel Houser, George Mason University



David H. Resler, Chief US Economist, Nomura (Retired)



David Ranson, HCWE & Co.



Dennis E. Logue Steven Roth Professor, (Emeritus) Tuck School, Dartmouth Colleges



Derek Tittle, Georgia Institute of Technology



DeVon L. Yoho, Economist Ball State University (Retired)



Donald J. Oswald California State University, Bakersfield (Retired)



Donald Koch, Koch Investments



Donald L. Alexander, Western Michigan University



Donald Luskin, TrendMacro



Douglas C Frechtling, George Washington University



Douglas Kahl, The University of Akron



Douglas O. Cook, The University of Alabama



Kingdon Hurlock Jr., Calvert Investment Counsel



Edward M. Scahill, University of Scranton



Eleanor Craig, University of Delaware



Owen Irvine Michigan State University (Emeritus)



Farhad Rassekh, University of Hartford



Francis Ahking, University of Connecticut



Frank Falero, California State University (Emeritus)



Gary R. Skoog, Legal Econometrics, Inc.



Gary Wolfram, Hillsdale College



Gene Simpson, NPTC, Auburn University



George Langelett, South Dakota State University



Gerald P. Dwyer, Clemson University



Gil Sylvia, University of Georgia



H Daniel Foster, HDFCO



Hugo J. Faria, University of Miami



Inayat Mangla, Western Michigan University



Edward Graham, UNC Wilmington



Jagdish Bhagwati, Columbia University



James B Kau, University of Georgia



James C.W. Ahiakpor California State University, East Bay



James D. Adams, Rensselaer Polytechnic Institute



James D. Miller, Smith College



James F. Smith, EconForecaster, LLC



James Keeler, Kenyon College



James M. Mulcahy SUNY - Buffalo economics department



James Moncur, University of Hawaii at Manoa



Jeffrey Dorfman, University of Georgia



Jerold Zimmerman, University of Rochester



Jody Lipford, Presbyterian College



John A. Baden, Chm., Foundation for Research on Economics and the Environment (FREE)



John C. Moorhouse Wake Forest University (Emeritus)



John D. Johnson, Utah State University



John H McDermott, University of South Carolina



John McArthur, Wofford College



John P. Eleazarian, American Economic Association



John Ruggiero, University of Dayton



John Semmens, Laissez Faire Institute



Joseph A. Giacalone, St. John's University, NY



Joseph Haslag University of Missouri- Columbia



Joseph S. DeSalvo University of South Florida - Tampa



Joseph Zoric Franciscan University of Steubenville



Kathleen B. Cooper, SMU's John Tower Center for Politico Science



Kenneth V. Greene Binghamton University (Emeritus)



Lawrence Benveniste Goizueta Business School, Emory University



Lawrence R. Cima, John Carroll University



Leon Wegge, University of California, Davis



Lloyd Cohen, Scalia Law School



Lucjan Orlowski, Sacred Heart University



Lydia Ortega, San Jose State University



Northrup Buechner, St. John's University, New York



Maurice MacDonald, Kansas State University



Michael A. Morrisey, Texas A&M University



Michael Connolly, University of Miami



Michael D Brendler Louisiana State University Shreveport.



Michael L. Marlow, Cal Poly, San Luis Obispo



Moheb A. Ghali, Western Washington University



Nancy Roberts, Arizona State University



Nasser Duella, California State University, Fullerton



Nicolas Sanchez, College of the Holy Cross, Worcester, MA (Emeritus,)



Norman Lefton, Southern Illinois University, Edwardsville



Paul H Rubin, Emory University



Pavel Yakovlev, Duquesne University



Pedro Piffaut, Columbia University



Peter E. Kretzmer, Bank of America



Peter S. Yun, UVAWISE (Emeritus)



Phillip J. Bryson Brigham Young University (Emeritus)



Ashley Lyman, University of Idaho



L. Promboin, University of Maryland University College (former)



Richard J. Cebula, Jacksonville University



Richard Kilmer, University of Florida



Richard Timberlake, Prof. of Econ., Univ. of Ga. (Retired)



Richard Vedder, Ohio University



Robert B Helms, American Enterprise Institute (Retired)



Robert F Stauffer, Roanoke College , (Emeritus)



Robert H. Topel, University of Chicago Booth School of Business



Robert Heller, Former Governor, Federal Reserve Board



Robert Sauer, Royal Holloway University



Robert Tamura, Clemson University



Roger Meiners, University of Texas-Arlington



Sanjai Bhagat, University of Colorado Boulder



Scott Hein, Texas Tech University



Seth Bied, New York State Tax Department



Stan Liebowitz, University of Texas



Stephen Happel, Arizona State University



Craig Tapley, University of Florida



Thomas H. Mayor, University of Houston



Thomas J Kniesner, Claremont Graduate University



Thomas M. Stoker, MIT (retired)



Thomas Saving, Texas A&M University



Timothy Mathews, Kennesaw State University



Tomi Ovaska, Youngstown State University



Tony Lima, California State University, East Bay



Victor a Canto, La Jolla economics



Vijay Singal, Navrang Inc



Wallace Hendricks, University of Illinois



Ward S. Curran Trinity College Hartford Connecticut (Emeritus)



Wayne T. Brough, FreedomWorks Foundation



William B. Fairley, Analysis & Inference, Inc.



William Buchanan, Valdosta State University



William McKillop, Resource Economics (Emeritus)



William R. Allen UCLA Department of Economics



William S. Peirce Case Western Reserve University



Wim Vijverberg, CUNY Graduate Center



Xuepeng Liu, Kennesaw State University



Yuri N. Maltsev, A.W. Clausen Center for World Business, Carthage College



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