Bush-era Council of Economic Advisors chairman Glenn Hubbard, current Dean of the Columbia University Graduate School of Business
“The most dramatic change was a series of tax cuts, designed by Glenn Hubbard, who at the time was serving as George W. Bush’s chief economic advisor. The Bush administration sharply reduced taxes on investment gain, stock dividends and eliminated the estate tax. Most of the benefits of these tax cuts went to the wealthiest 1% of Americans. Inequality of wealth in the United States is now higher in the United States than in any other developed country. American families responded to these changes in two ways: by working longer hours and by going into debt.” - Inside Job
