Debate: 'The Rich are Taxed Enough'
Wednesday, October 24, 2012 06:45 PM EDT
-- 08:30 PM EDT
129 West 67th Street
(Between Broadway and Amsterdam)
NY, NY 10023
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Brought to you in partnership with the Richard Paul Richman Center for Business, Law, and Public Policy, a joint venture of Columbia Business School and Columbia Law School. The Richman Center fosters dialogue and debate on emerging policy questions where business and markets intersect with the law. More Information.
The Rich are Taxed Enough
It is all bad news when it comes to the economy; the question is, how do we fix it? The U.S. government's budget deficit is nearing a trillion dollars for the fourth straight year and unemployment remains high. With the Bush-era tax cuts that are set to expire at the end of 2012, what is the best move for continued economic recovery? President Obama says we should raise taxes on those making more than $250,000, and invest some of those additional tax dollars in social services. Others say that the richest 1% already pay more than a quarter of all federal taxes and higher taxes for job creators would slow economic growth. Are the nation's wealthiest not paying their "fair share," or should tax breaks be extended for everyone in the name of job creation?
John Donvan, Author & Correspondent for ABC News
PANELISTS FOR THE MOTION
Glenn Hubbard, Dean, Columbia Business School
Arthur Laffer, Known as The Father of Supply Side Economics. Former Member, President Reagans Economic Policy Advisory Board
PANELISTS AGAINST THE MOTION
Robert Reich, Chancellors Professor of Public Policy at UC Berkeley and former Secretary of Labor
Mark Zandi, Chief Economist of Moody's Analytics
*Panelists subject to change
5:45-6:30 p.m. | Reception
6:45-8:30 p.m. | Debate
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