Gruber: Idea Trump’s Tax Cuts Will Cause Massive Growth Is ‘Wrong’

EXCERPT:

GRUBER: "Well, look, we don't just have to have theoretical conjectures here. We have decades of evidence at both the national level and the state level that as Mike said, tax cuts don't pay for themselves. Indeed they don't even come close to paying for themselves and look, if you look at the most rapid job growth since Ronald Reagan, it was under Bill Clinton who raised taxes on the rich. So I think the notion that this is going to cause massive increases in growth is wrong. Indeed, if you look at a cut in the corporate tax rate, mostly what it does is reward stockholders who made investments years in the past, going to get the returns now. How does that increase growth?"