The former chief economist of President Obama’s Economic Recovery Advisory Board, Austan Goolsbee, joined “Starting Point” Thursday to take a closer look at Mitt Romney and President Barack Obama’s economic policies as put forth in the first presidential debate Wednesday night.
Goolsbee argues that it would be impossible to cut $5 trillion through tax cuts without either raising taxes elsewhere or adding to the deficit. “I think the bigger issue is [that] you can take every single deduction there is, abolish them all, and it doesn't add up to $5 trillion,” says Goolsbee, who is also a professor at the University of Chicago Booth School of Business.
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