Goolsbee: Romney Budget Plan 'Opposite' Simpson-Bowles

Friday, 17 Aug 2012 | 8:00 AM ET

Austan Goolsbee, University of Chicago economics professor and former C.E.A. chairman, offers insight on Governor Romney's budget plan. "The way that Bowles-Simpson did not have a big give-away to high income people -- is they actually significantly raised the tax on capital income," he says. "If you compare that to Romney, he's doing the opposite."