Minarik was the chief economist of the Office of Management and Budget for the eight years of the Clinton Administration, helping to formulate the Administration’s program to eliminate the budget deficit, including both the Omnibus Budget Reconciliation Act of 1993 and the bipartisan Balanced Budget Act of 1997. Prior to his service in the Clinton Administration, Minarik worked closely with Senator Bill Bradley on his efforts to reform the federal income tax, which culminated in the Tax Reform Act of 1986, writing Making Tax Choices in 1985; and served as Chief Economist to the House Budget Committee in 1991-92 and 2001-05, and staff director of the Joint Economic Committee in 1989-90. Recently, he served on the Bipartisan Policy Center’s Debt Reduction Task Force and the National Academy of Science’s Our Fiscal Future project, two national efforts to reduce the federal budget deficit.
Minarik received three graduate degrees in economics from Yale University, earning his Ph.D. in 1974. He earned his B.A. in economics from Georgetown University in 1971. Minarik writes a regular post at CED’s BackInTheBlackBlog.org.