Savannah Guthrie to Mnuchin: ‘It’s a Fairy Tale’ Tax Cuts Stimulate Growth, Boost Revenue

‘You hear about it all the time, tax cuts definitely stimulate growth’

EXCERPT:

GUTHRIE: “But you know this, this idea that you can pay for it with economic growth is kind of a Washington fairy tale. You hear about it all the time, tax cuts definitely stimulate growth. The question is whether it’s enough. There’s actually a guy named Steve Bell, he was a Republican staff member in the ‘80s when Reagan had his tax cut, and he said this is fool’s gold that you’ll cut taxes, everybody works harder, more money will come in and you'll erase the fiscal impact. He says it never happens.”

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