The WG’s David Winston makes the case for how tax cuts spur economic growth:
Last October, not long before passage of the Republican tax cuts, Chuck Todd on “Meet the Press” argued over taxes with his guest, Treasury Secretary Steve Mnuchin.
“There has been no study that has been able to somehow reinforce this idea that tax cuts do translate to economic growth,” the NBC host said.
To the contrary, there is plenty of evidence that shows tax cuts do spur economic growth, and the proof can be found in the economic data that followed passage of the four major tax cuts of the last half century….
These four major tax cuts shared three key economic accomplishments. Gross domestic product went up. Unemployment rates went down. And federal revenues increased substantially after passage and implementation.
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