Stephen Miran: No One Is Talking About the Effects the Trump Bill Will Have on Economic Growth

EXCERPT:

MIRAN: “Look, you know, I think that the bill brings an enormous amount in terms of revenue from boosting economic growth. A lot of numbers get flown about from the CBO and other sources, and none of them include the effects that the bill will have on economic growth, which let's remind ourselves what happened with the Tax Cuts and Jobs Act. In the face of all of the doubters, economic growth in the president's first term until Covid was 2.8 percent, real economic growth, right? If you look at corporate revenue as a share of GDP, it went from 1.6 percent of GDP to 1.8 percent of GDP despite the reduction in corporate rates. And this is how pro-growth economic policy works. It boosts economic growth. More income means more tax base. More tax base means more revenue. And that brings deficit down.”