Jeb Bush 2016: Former Florida Governor to Name Justin Muzinich as Policy Director of Likely Presidential Campaign
Republican presidential hopeful Jeb Bush will, according to the National Review, name Justin Muzinich the policy director of his likely 2016 presidential campaign.
Muzinich will be joining Bush's team as a part-time member first, according to Bush aides. He is eventually to serve in some kind of senior policy position, possibly as policy chief.
Muzinich earned an undergraduate degree and an MBA from Harvard and a law degree from Yale. His financial background includes positions at Morgan Stanley, where he worked in mergers and acquisitions, and at EMS Capital.
Currently, Muzinich serves as vice chairman of Muzinich & Co., a New York City investment firm.
The Saint Peters Blog notes that critics have pointed out that with Muzinich’s background in hedge funds the narrative that the former governor represents middle-class values may be affected.
As reported in the Washington Times, in 2007, Muzinich advocated giving tax credits to major corporations who invested overseas as a way to supplement or even replace U.S. foreign aid.
Muzinich is quoted as suggesting that Congress should provide a 39-cent tax credit for every dollar of American investment in developing countries, saying that: “If Company X were to build a $100 million factory in Madagascar, its tax bill would be reduced by $39 million. The lost tax revenue would be offset by reducing direct foreign aid by the same amount.”
He went on to say, "The power of substituting tax credits for lump sums of cash is that while the cash would bring at most $39 million to Madagascar, the tax credit results in a $100 million investment.”
Muzinich reasons that for the same cost to the federal government, Madagascar would receive much more resources.
“And by leveraging its foreign aid dollars,” he continued, “the United States is better off too, for reasons from the creation of new markets to alleviating conditions that may aid terrorist recruitment."
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