KeithHennessey.com

The President has arrived in London for the G-20 economic summit.  I have different policy views than the President on some of these issues, but I will not criticize him while he is overseas.  I will attempt to gently highlight a couple of substantive issues that concern me, but at the same time I want [...]

About Keith Hennessey About this blog About the National Economic Council About my work in the White House Photo credits Technical credits About Keith Hennessey I served as the senior White House economic advisor to President George W. Bush.  My job was to coordinate economic policy for the President, including macroeconomic issues, financial markets and [...]

2001 What: H.R. 1836, The Economic Growth And Tax Relief Reconciliation Act Of 2001 When: Signed into law June 7, 2001 Effects: Cut marginal income tax rates, created a new 10% bracket, provided marriage penalty relief, put death tax on path to extinction, repealed pease and pep, increased the child tax credit, increased contribution and [...]

We are frequently asked whether there should be a “second stimulus” bill.  Unfortunately, what is being considered on Capitol Hill is a very different animal from what we did earlier this year. 10-second macroeconomic review GDP    = Consumption + Investment + Government spending + Exports – Imports = C + I + G + X [...]

About three hours ago, the President signed into law H.R. 5140, The Economic Stimulus Act of 2008 , less than four weeks after he first proposed Congressional action. We are enormously pleased with this rapid and bipartisan legislative success.  The final bill passed the House 380-34, and the Senate 81-16.  Here is a one-page summary [...]