Mnuchin Claims Tax Plan Will CUT Deficit by $1 Trillion
Taxes

Mnuchin Claims Tax Plan Will CUT Deficit by $1 Trillion

JIM BOURG

The Committee for a Responsible Federal Budget estimates that the Trump tax framework unveiled Wednesday would cost $2.2 trillion over 10 years, or more when you include added interest costs and the potential for a tax break for businesses to be extended beyond five years. Treasury Secretary Steven Mnuchin’s math is … different.

“We think there will be $2 trillion of growth so we think this tax plan will cut down the deficit by a trillion dollars,” he told Maria Bartiromo on Thursday. “We’re focused on growth. We think the 3% GDP is a very moderate aspiration and we can do higher than that.”

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