Tax Cuts Alone Won't Get United States To 4% Growth
April 20, 2018
By Todd Hitt
The president, the chair of the White House Council of Economic Advisers and the chair of the Ways and Means Committee all have published columns this week arguing the benefits of the Tax Cuts and Jobs Act.
The benefits of the TCJA are substantial, but even with the president’s regulatory reforms, which also unleashed American entrepreneurship, it’s not enough to get the United States to 4 percent growth. We can reach that number — or even more, as Larry Kudlow has predicted — but Congress has to tackle the other pressures weighing down the economy, especially the labor shortage.
Here’s what a true expansion economics platform looks like.