Glenn Hubbard, Dean and Russell L. Carson Professor of Finance and Economics, has been tapped to lead presidential hopeful Mitt Romney’s economic policy team.
Romney announced the four-member team Tuesday in Las Vegas as part of the unveiling of his job-growth plan to help revive the US economy. Hubbard, who was chairman of former president George W. Bush’s Council of Economic Advisers, wrote a foreword to Romney’s 160-page policy book, Believe in America, that outlines the plan: the plan calls for spending cuts; lowering the corporate tax rate; and eliminating taxes on interest, capital gains, and dividends.
“America needs to get its growth groove back. And getting it back is about not just incomes, but jobs as well,” Hubbard wrote. “To bring the unemployment rate back to its pre-financial-crisis level by the end of the next president’s first term would require real GDP growth averaging 4 percent per year over that period. That is an aggressive goal, but great progress can be made.”
Romney’s economic team also includes N. Gregory Mankiw, who was also a chairman of Bush’s Council of Economic Advisers and is an economics professor at Harvard; former senator Jim Talent, a Heritage Foundation fellow; and former representative Vin Weber of Minnesota.