Answer:
Explanation:
Large tax cuts are far from a surefire way to spur growth, higher taxes don’t preclude growth, and tax cuts can harm growth if they add to the budget deficit or are paired with cuts to productive public investments.
Economic growth over the next decade will be much closer to the 2 percent average annual rate the Congressional Budget Office (CBO) projects than to the 3 percent or better the Trump Administration is promising.
Growth matters both for fiscal stabilization and for raising living standards.
