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Obama Press Secretary, Robert Gibbs: “I don’t think there’s an economist that believes there’s a stimulus to, or a good reason in terms of economic growth to, extend those tax cuts.” (White House Press Briefing, 7/27/10)
Obama Council of Economic Advisors Chair, Christina Romer: “In short, tax increases appear to have a very large, sustained, and highly significant negative impact on output...the more intuitive way to express this result is that tax cuts have very large and persistent positive output effects.” (American Economic Review, June 2010)