That's a 2.5 percent tax cut - which is hardly the fire hose of lost revenue that is being depicted.
The CBO claims that the economy will experience only 1.9 percent annual growth for the next decade.
GDP growth averaged 1.95 percent annually under Obama - and nearly everything he did on the economy was anti-growth.
No. The core principle of Trumponomics is to attain at least 3 percent growth.
The average annual growth rate of the U.S. economy for the past century is about 3.3 percent.
In a recent economic analysis, Rob Arnott, founder of Research Affiliates, and I recalculated the CBO numbers based on 3 percent growth, not 1.9 percent growth.
With long-term GDP growth of 3 percent, all the entitlement deficits would begin to disappear as well.
https://townhall.com/columnists/stephenmoore/2018/04/17/there-is-an-old-saying-that-you-cant-teach-an-old-dog-new-tricks-and-weve-learned-that-again-with-the-congressional-budget-office-and-its-latest-highly-misleading-fiscal-forecast-n2471476
The CBO claims that the economy will experience only 1.9 percent annual growth for the next decade.
GDP growth averaged 1.95 percent annually under Obama - and nearly everything he did on the economy was anti-growth.
No. The core principle of Trumponomics is to attain at least 3 percent growth.
The average annual growth rate of the U.S. economy for the past century is about 3.3 percent.
In a recent economic analysis, Rob Arnott, founder of Research Affiliates, and I recalculated the CBO numbers based on 3 percent growth, not 1.9 percent growth.
With long-term GDP growth of 3 percent, all the entitlement deficits would begin to disappear as well.
https://townhall.com/columnists/stephenmoore/2018/04/17/there-is-an-old-saying-that-you-cant-teach-an-old-dog-new-tricks-and-weve-learned-that-again-with-the-congressional-budget-office-and-its-latest-highly-misleading-fiscal-forecast-n2471476
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