Trump's Hassett spanks the Tax Policy Center
A recent analysis of the House tax plan -- which is nearly identical to the Trump plan -- by professors Alan Auerbach (University of California, Berkeley) and Laurence Kotlikoff (Boston University) concluded that it would boost wages by 8 percent. That's a big number.
It's the difference between a prospering and optimistic middle class and a pessimistic middle class that lives day to day, paycheck to paycheck.
I look at it this way: Trump's tax-cut and regulatory-rollback policies are aimed directly at ending the war on business, which has dragged down the economy for nearly two decades. Let's reward success rather than punish it.
In just eight months, this growth message has generated a whopping increase in business and consumer confidence. The economy is picking up steam. The stock market has been on a tear. This is not a coincidence.
If Trump continues to link large- and small-business tax cuts to the well-being of the wage-earning middle class, he'll score economic victories across the board. At the same time, America will regain the populist prosperity that's been the backbone of our democracy for nearly 250 years.
That's right. As I sometimes put it, free-market capitalism is the best path to prosperity.
It's comforting to know Kevin Hassett is burning this torch down in the swamp of Washington, D.C.
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