Before joining President Kennedy's administration, Walter Heller served as a tax analyst in the U.S. Treasury department, where he helped design the withholding system for federal income taxes. When Heller was appointed Chairman of the Council of Economic Advisors in 1961, he had worked to spark national economic growth--a significant goal of President Kennedy’s New Frontier. Mr. Heller expanded the role of his Council, testifying before Congress and speaking publicly on behalf of the administration. He also stayed on as President Johnson’s Chief Economic Advisor, devising the 1964 federal tax cut that stimulated a period of national prosperity.
1915 August 27, born, Buffalo, New York
1935 B.A., Oberlin College
1938 M.A., University of Wisconsin
1941 Ph. D., University of Wisconsin
1941-1942 Instructor, University of Wisconsin, Madison
1942-1946 Fiscal Economist, U.S. Treasury Department
1946-1950 Associate Professor, University of Minnesota, Minneapolis
1947-1948 Chief of Internal Finance, U.S. Military Government in Germany
1950-1967 Professor, University of Minnesota, Minneapolis
1951 Member, Economic Cooperation Administration Mission on German Fiscal Problems
1955-1960 Fiscal Advisor to Governor of Minnesota
1960 Tax Advisor to King Hussein and Royal Commission of Jordan
1961-1964 Chairman, President’s Council of Economic Advisors
1965-1969 Consultant, Executive Office of the President
1965-1969 Member, U.S. Treasury Committee on Internal Monetary Arrangements
1967 Regents’ Professor of Economics
1974 Member, Federal Energy Office advisory panel
1974-1977 Advisor to President Gerald Ford
Savings in the Modern Economy (editor with Francis M. Boddy and Carl L. Nelson), 1953.
State Income Tax Administration (with Clara Penniman), 1959.
New Dimensions of Political Economy, 1966.
Revenue-Sharing and the City (co-author), 1968.
Perspectives on Economic Growth (editor), 1968.
Monetary vs. Fiscal Policy: A Dialogue (with Milton Friedman), 1969.
Economic Growth and the Environmental Quality: Collision or Co-Existence?, 1973.
The H. W. Wilson Company, 1961 Current Biography, and Contemporary Authors Online. The Gale Group, 1999.