Via Kevin Drum, a superb chart showing just how historic the growth spurt would need to be to have a hope of actually paying for Trump’s one sheet master plan on taxes. Shouldn’t be a problem, right?
Tax Foundation economist Alan Cole has some relevant comments:
“Pass-through taxes are decently well-structured as they are, and it’s probably best to leave them alone,”[according to the foundation’s model], it would add about 0.12 percent to the country’s annual growth rate, but again, at a cost of about $1.5 trillion. As far as tax reform trades go, really? Is this the one that you want?”
All I see is the rich, rich success of that extra 4% of magic pony growth. Every living American will very likely be a millionaire in short order.
Lemkin 