Economics
Martin Feldstein, Reagan Economic Adviser, Dies at 79
- He persuaded president to break pledge not to raise taxes
- Feldstein was chairman of CEA; also served under Bush, Obama
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Martin Feldstein, the former chairman of the Council of Economic Advisers who successfully persuaded President Ronald Reagan to cut budget deficits by breaking his campaign promise not to raise taxes, has died. He was 79.
Feldstein died on Tuesday morning, according to his assistant, Norma McEvoy. She did not provide further details.