JANUARY 2017
Together With
THE ANNUAL REPORT
of the
COUNCIL OF ECONOMIC ADVISERS
ECONOMIC REPORT OF
THE PRESIDENT
january 2017
together with
the annual report
of the
council of economic advisers
economic
report
of the
president
iii
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*For a detailed table of contents of the Council’s Report, see page 11.
CONTENTS
ECONOMIC REPORT OF THE PRESIDENT....1
ANNUAL REPORT OF THE COUNCIL OF ECONOMIC ADVISERS* ...7
CHAPTER 1EIGHT YEARS OF RECOVERY AND
REINVESTMENT 21
CHAPTER 2 THE YEAR IN REVIEW AND THE YEARS AHEAD ...65
CHAPTER 3 PROGRESS REDUCING INEQUALITY ..151
CHAPTER 4 REFORMING THE HEALTH CARE SYSTEM ........195
CHAPTER 5 INVESTING IN HIGHER EDUCATION .299
CHAPTER 6 STRENGTHENING THE FINANCIAL SYSTEM ......349
CHAPTER 7 ADDRESSING CLIMATE CHANGE.....423
REFERENCES.....485
APPENDIX AREPORT TO THE PRESIDENT ON THE ACTIVITIES
OF THE COUNCIL OF ECONOMIC ADVISERS
DURING 2016 ..545
APPENDIX BSTATISTICAL TABLES RELATING TO INCOME,
EMPLOYMENT, AND PRODUCTION ..559
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