Mnuchin: ‘Absolutely’ Tax Bill Will Turbocharge the Economy to 4-6 Percent Growth

RUSH TRANSCRIPT Wallace Let ░░░░░░░░ turn to the deficit ░░░░░░░░ Treasury Department issued a ░░░░░░░░ page statement this week ░░░░░░░░ was pretty controversial You ░░░░░░░░ the combination of tax ░░░░░░░░ rollback and regulations welfare ░░░░░░░░ will not only paper ░░░░░░░░ reform but reduce the ░░░░░░░░ net by 300 billion ░░░░░░░░ 10 years But the ░░░░░░░░ joint committee of taxation ░░░░░░░░ analysts from Congress say ░░░░░░░░ this tax growth as ░░░░░░░░ trillion to the deficit ░░░░░░░░ the head of the ░░░░░░░░ for responsible budget say ░░░░░░░░ we should believe that ░░░░░░░░ page statement that the ░░░░░░░░ Department put out MNUCHIN ░░░░░░░░ I ve been to ░░░░░░░░ numbers Let me walk ░░░░░░░░ through them before They ░░░░░░░░ rather simple Okay first ░░░░░░░░ all we said all ░░░░░░░░ that the joint tax ░░░░░░░░ underestimate growth They predicted ░░░░░░░░ 500 billion of growth ░░░░░░░░ is 1 000 000 ░░░░░░░░ 000 and a half ░░░░░░░░ in tax cuts There ░░░░░░░░ 500 billion the difference ░░░░░░░░ policy and baseline Dad ░░░░░░░░ us down to 1 ░░░░░░░░ If you look at ░░░░░░░░ other 500 billion the ░░░░░░░░ tax gets you down ░░░░░░░░ 500 billion The growth ░░░░░░░░ are just too low ░░░░░░░░ the way the Obama ░░░░░░░░ and the first four ░░░░░░░░ predicted GDP of three ░░░░░░░░ When you left they ░░░░░░░░ GDP of 2 2 ░░░░░░░░ Nobody saying three percent ░░░░░░░░ treasury put out is ░░░░░░░░ with what I have ░░░░░░░░ The difference between 2 ░░░░░░░░ which is the conservative ░░░░░░░░ and 2 2 is ░░░░░░░░ 1 8 trillion That ░░░░░░░░ what the report shows ░░░░░░░░ The president was on ░░░░░░░░ south lawn on Friday ░░░░░░░░ I guess it was ░░░░░░░░ he was on the ░░░░░░░░ lawn and said four ░░░░░░░░ or six percent growth ░░░░░░░░ do not really believe ░░░░░░░░ do you MNUCHIN That ░░░░░░░░ would have quarters of ░░░░░░░░ five or six percent ░░░░░░░░ I do not think ░░░░░░░░ will have over 10 ░░░░░░░░ but we will have ░░░░░░░░ of high growth We ░░░░░░░░ already seen it If ░░░░░░░░ weren t for the ░░░░░░░░ Wallace And you think ░░░░░░░░ this tax bill is ░░░░░░░░ to turbocharge the academy ░░░░░░░░ that extent MNUCHIN Absolutely ░░░░░░░░ re pretty sinless The ░░░░░░░░ market is at record ░░░░░░░░ Average workers see the ░░░░░░░░ k s going up ░░░░░░░░ already have more money ░░░░░░░░ savings they will get ░░░░░░░░ money in their pockets ░░░░░░░░ it will make the ░░░░░░░░ change in fixing a ░░░░░░░░ tax system that we ░░░░░░░░ ever had People said ░░░░░░░░ could not do it ░░░░░░░░ will do it and ░░░░░░░░ will see that this ░░░░░░░░