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Debate 9/26/16 - Trump vs Clinton
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Quote:And yet when Moody's evaluated his plan, they projected shortfalls and debts in the trillions, if I remember correctly. Now I don't claim they are the be all end all by any means, but it seems to me the math is not too complicated. Take the total tax returns from 2016, subtract the amount that he is going to cut taxes, and that is your shortfall in revenue. The money to replace it would have to exceed by the growth in income times the percentage of new lower taxes. Indeed, we have a historical model for this. He claimed he would have the most growth since the Reagan years. So set that as an upper bound. I think that is about 2% job growth, so not sure how that tracks. The Reagan tax cuts cost a great deal of revenue, although they did help curb inflation. But Reagan pretty much bailed on Laffer in 1984, and I don't see any evidence that your 'jobs' solution holds water. What he said ^^ |
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