Alan B. Krueger, the chairman of President Obama’s Council of Economic Advisers, dodged questions Monday about whether the body had studied the economic impact of the looming sequestration cuts or the expiring payroll tax cut.
The White House released a report Monday that said the average middle-class American family would see increases of $2,200 in taxes without Congressional action.
“Do you think (the payroll tax cut) has more economic bang-for-the-buck than these income rates?” a reporter asked the CEA chairman.
“That’s a good question,” Krueger replied. “I don’t really have a good answer for you.”
Krueger went on to say that the report released Monday did not address the payroll tax cut.