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You're technically correct, I think -- the actual point isn't to super-charge growth. But without massive spending cuts, you need supercharged growth to offset
by atqtion 9y ago
You're technically correct, I think -- the actual point isn't to super-charge growth.
But without massive spending cuts, you need supercharged growth to offset lost revenue. The premise of Kansas-style tax policy -- which coincides in spirit with Trump's proposed tax policy -- is that you can avoid massive spending cuts by supercharging growth.
Without that premise, these tax policies would be much more difficult to push through. Because they'd have to admit massive deficit spending, or else come pre-packaged with huge cuts to popular services.
So, the end goal isn't necessarily to supercharge growth, but the promise to supercharge growth is a huge aspect of what makes these tax plans politically viable.