Hassett: If We Pass the Trump Tax Cuts Numbers, You’ll Get 3% Light Growth and a ‘Heck of Revenue with Lower Rates’

RUSH TRANSCRIPT KUDLOW When ░░░░░░░░ met with various people ░░░░░░░░ the hill did you ░░░░░░░░ them an estimate these ░░░░░░░░ are estimates did you ░░░░░░░░ them an estimate of ░░░░░░░░ long term economic growth ░░░░░░░░ look like if you ░░░░░░░░ Trump 1 0 and ░░░░░░░░ 2 0 HASSETT One ░░░░░░░░ the things we talked ░░░░░░░░ was in the previous ░░░░░░░░ we estimated that long ░░░░░░░░ growth which is medium ░░░░░░░░ the next 5 to ░░░░░░░░ years would be between ░░░░░░░░ 5 4 higher than ░░░░░░░░ projected by the congressional ░░░░░░░░ office if we pass ░░░░░░░░ tax cuts and in ░░░░░░░░ right before Covid we ░░░░░░░░ had a conference of ░░░░░░░░ 5 so the estimates ░░░░░░░░ gave them when saying ░░░░░░░░ promise this is going ░░░░░░░░ be good for the ░░░░░░░░ and laffer curve affects ░░░░░░░░ in the data that ░░░░░░░░ are able to show ░░░░░░░░ happened so what we ░░░░░░░░ today is went back ░░░░░░░░ the same models and ░░░░░░░░ if we use the ░░░░░░░░ models and project forward ░░░░░░░░ is going to happen ░░░░░░░░ are going to really ░░░░░░░░ the numbers get lots ░░░░░░░░ growth 3 light growth ░░░░░░░░ a heck of a ░░░░░░░░ more revenue with lower ░░░░░░░░ and the other thing ░░░░░░░░ added is there s ░░░░░░░░ whole bunch of new ░░░░░░░░ papers that say those ░░░░░░░░ that we used last ░░░░░░░░ need to be updated ░░░░░░░░ the effects are larger ░░░░░░░░ we thought and that ░░░░░░░░ because of the new ░░░░░░░░ now populated by the ░░░░░░░░ that happened after the ░░░░░░░░ cuts so more identification ░░░░░░░░ how the tax cuts ░░░░░░░░ things and I think ░░░░░░░░ estimate we had last ░░░░░░░░ which we presented to ░░░░░░░░ it would look like ░░░░░░░░ we did last time ░░░░░░░░ going to end up ░░░░░░░░ lowball estimate from what ░░░░░░░░ end up with.”