Trump's Tax Reform Plan

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Trump's Tax Reform Plan
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Maya MacGuineas, president of the fiscally hawkish Committee for a Responsible Federal Budget (CRFB), doubts that Trump's tax cuts can pay for themselves. In a statement emailed to reporters following the release of the Republican framework on September 27, she called the plan "fiscal fantasy." Trump has repeatedly asserted that gross domestic product (GDP) growth could exceed 3% per year following a tax overhaul; during the campaign he went as high as 6%, and speaking in Indiana following the release of the Republican framework he predicted that "everything takes off like a rocketship."

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