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Robert Pozen

Entries by Robert Pozen

Exercise Increases Productivity

(4) Comments | Posted October 23, 2012 | 6:13 PM

Everyone knows that exercise can improve your health. Exercise is a key part of managing your weight and maintaining healthy hearts, lungs, and other bodily systems. But did you know that exercise can make you more productive? The latest research shows that a regular exercise routine can make you happier,...

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An Intermediate Approach to the Auditor Rotation Issue

(0) Comments | Posted April 9, 2012 | 10:44 PM

In March the Public Company Accounting Oversight Board (PCAOB) held hearings about whether to require public companies to change (or "rotate") their external auditor periodically. Similarly, the European Union has proposed mandatory auditor rotation every six or 12 years.

Mandatory auditor rotation is designed to address...

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Obama's Proposed Minimum Tax on Foreign Earnings

(46) Comments | Posted February 20, 2012 | 2:02 PM

In the State of the Union, President Obama suggested that the foreign earnings of U.S. corporations should be subject to a "minimum tax" to prevent corporations from shifting earnings to tax havens. The White House has promised to release the details about the level and operation of such...

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Gingrich's Social Security Plan: Privatize Gains, Socialize Losses

(507) Comments | Posted November 29, 2011 | 8:23 AM

Last week, former House Speaker Newt Gingrich unveiled details of his plan to partially privatize Social Security. His plan would allow younger workers to contribute a portion of their payroll tax obligation to a private investment account. Roughly speaking, Gingrich is signing on to the legislation...

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Perry on Social Security: A Newer, Softer Version of a Conservative Idea

(14) Comments | Posted November 3, 2011 | 9:07 AM

A few days ago, I wrote about Rick Perry's unviable tax plan. In the same policy document (PDF, see page 14), he outlines his beliefs about Social Security. A few months ago, Perry was calling Social Security unconstitutional and a Ponzi scheme, but...

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Rick Perry's Harebrained Tax Plan

(40) Comments | Posted November 1, 2011 | 9:01 AM

In mid-September, Rick Perry led Herman Cain, 32% to 4% (according to Soon after, Cain unveiled his outlandish 9-9-9 plan that changed the game: today, Perry trails Cain, 11% to 25%.

But Rick Perry will not go quietly. To try to counter Cain's momentum, Perry...

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Herman Cain's Retirement Proposal

(68) Comments | Posted October 20, 2011 | 9:47 AM

Herman Cain has been busy lately touting his 9-9-9 tax plan, which I wrote about on Monday. He has countered criticisms that his plan is regressive by noting that the current 15.3% payroll tax (which applies to the first $106,800 of income) would be abolished -- lowering the...

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Let's Get Real About 9-9-9

(374) Comments | Posted October 17, 2011 | 9:38 AM

Herman Cain is now considered a front-runner in the race for the Republican nomination. Mr. Cain's meteoric rise in the polls has been driven by his proposed 9-9-9 tax plan, which would scrap the current tax code in favor of a 9% flat tax on personal...

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Social Security Reform Is the Key to the Debt Ceiling Debate

(186) Comments | Posted July 19, 2011 | 7:31 PM

To finance the U.S. government until after the 2012 elections, Congress must raise the U.S. debt ceiling by roughly $2.4 trillion. Many members of Congress will not support such an increase in the debt ceiling without a similar decrease in long-term federal spending.

There are only three potential sources for...

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Stop the Federal Guarantees

(2) Comments | Posted January 13, 2010 | 10:29 AM

The Obama administration is proposing a tax on large banks as a way of "ensuring that the money that taxpayers put up to rescue our financial system is paid back in full", according to a White House spokesman. The design of such a tax will present major challenges since many...

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