Matt Lauer Badgers Mnuchin over Why Trump’s Tax Reform Doesn’t Raise Taxes
Mnuchin: ‘When we come out with the details of the plan, we’ll show, this is going to be paid for by a combination of economic growth’
EXCERPT:
LAUER: “I’m glad you talked about growth because the Committee for a Responsible Budget, which is a nonpartisan organization, says the numbers are a problem here, Mr. Secretary. They say it’s going to result in between 3 and 7 trillion fewer dollars coming into the government. And to compensate that with growth, the growth rate would have to be about 4.5 percent. You've just said you’re hoping for a growth rate of about 3 percent, so that’s going to result in a blossoming of the deficit, isn’t it?”
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