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Economists Voice Opposition to Bush Tax Cuts
A news conference — Monday, February 10, 2003

Ten Nobel laureates and over 400 other economists have signed a statement saying the Bush Administration’s tax plan will not create jobs and growth in the near-term and will lead to chronic deficits.

The statement was released on Monday, February 10, 2003 at a 10:00 a.m. press conference in the Holeman Lounge of the National Press Club in Washington, DC. Three Nobel laureates presented the statement to the press and outlined their criticisms of the Bush tax plan, as well as offered suggestions to stimulate the economy that would be effective and immediate.

Read the Economists' Statement

Listen to an audio recording of the event (approx. 1 hour):

Read a transcript of the recording

Participants:

Joseph Stiglitz, winner of the Nobel prize in economic science, 2001

Franco Modigliani, winner of the Nobel prize in economic science, 1985

Lawrence Klein, winner of the Nobel prize in economic science, 1980

Lawrence Mishel, president of the Economic Policy Institute, moderator


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