No free country will ever again have anything like the 90 p… - Lawrence Summers

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No free country will ever again have anything like the 90 percent tax rates that we had in this country. Past a certain point, high marginal tax rates are, indeed, terribly destructive.

Lawrence Summers

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About Lawrence Summers

Lawrence Henry "Larry" Summers (born November 30, 1954) is an American economist, who was Vice President of Development Economics and Chief Economist of the World Bank (1991–93), senior U.S. Treasury Department official throughout President Clinton's administration (ultimately Treasury Secretary, 1999–2001), and director of the National Economic Council for President Obama (2009–2010). He was president of Harvard University (2001–2006), where he served as a professor and director of the Mossavar-Rahmani Center for Business and Government at Harvard University's Kennedy School of Government. In November 2025, he took leave from his public roles while his connections to sex offender Jeffrey Epstein were investigated.

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Alternative Names: Lawrence H. Summers • Larry Summers • Lawrence Henry Summers

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No free country will ever again have anything like the 90 percent tax rates that we had in this country. Past a certain point, high marginal tax rate… - Lawrence Summers

About Lawrence Summers

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