HKS Affiliated Authors

Frank and Denie Weil Director of the Mossavar-Rahmani Center for Business and Government
Charles W. Eliot University Professor


August 2022, Interview: "Supporters of the plan passed by the Senate over the weekend cheered the benefits they hoped it would bring in climate change and health care. But final passage was achieved only after negotiations with moderate Democratic Sens. Joe Manchin and Kyrsten Sinema that turned on questions about funding, including raising corporate taxes. Manchin also sought assurances that the bill, dubbed the Inflation Reduction Act of 2022, would not increase the deficit and rein in inflation. The bill’s architects say their final plan addresses all those concerns and potentially cuts hundreds of billions from the deficit. Economist Lawrence H. Summers, Harvard’s Charles W. Eliot University Professor, president emeritus, and former U.S. Treasury Secretary, has been supportive of the legislation, saying it addresses needs while lowering inflation at a time when that has become an important national priority. The Gazette spoke with Summers about the law, its impact on the economy and inflation, and his thoughts on its action — long-awaited — on climate change." Read Via the Harvard Gazette

HKS Faculty Author - Lawrence H. Summers