September 28, 2015
By Ryan Ellis
Donald Trump released his tax reform plan today, and he’s quite confident that it will boost economic performance. He even went so far as to say that the plan might result in 6 percent economic growth (note: the historical average real GDP growth rate is about half that pace).
Is the plan that good? In a word, no. There are some powerful pro-growth inducements in there, but they definitely left some economic growth levers un-pulled.
It’s doubtful that any tax plan could, alone, result in such stratospheric levels of wealth creation, but somewhere approaching 4 percent per year is a reasonable goal if absolutely everything is put on the table.
Read the full article at Forbes.com: Will The Trump Tax Plan Give Us 6% Economic Growth?