Trump is trying to sell Americans on an unpaid tax cut plan with a set of lies. Former Bush's Deputy Assistant Secretary for Economic Policy was not kind as he excoriated Trump's policies as verifiable lies.
Bruce Bartlett was not taking any prisoners as he dispelled the untruths about Trump's tax plan. Ali Velshi pointed out that Trump was relying on the mythical growth in revenue that tax cuts would generate.
"President Trump has really relied on the idea that economic growth is going to shoot up to three and by the way, in speeches, he said four or five and six percent," said Ali Velshi. "But but he's relying on economic growth to deal with those increased revenues. And the projections are that if we don't get those our debts will just increase."
Bruce Bartlett could not wait to set the record straight.
Former Bush official, Bruce Bartlett was taking no prisoners as he dispelled the untruths about Trump's tax cut plan. pic.twitter.com/4KX3QTyl3e
— Egberto Willies (@EgbertoWillies) August 21, 2017
"Well the idea that we're going to get some burst of growth from any conceivable tax reform let alone the one that they're talking about is just rank nonsense," Bruce Bartlett said. There's not one serious economist who believes this. Look we lowered the top rate to 28 percent in the 1986 tax reform Act. That's as close to a flat taxes we're ever going to get. Does anybody remember a burst of growth in 1987 or 1988 or 1989? No! And we had massively cut taxes during the George HW Bush administration. And we had no increase in growth whatsoever. So the people making this argument are simply lying."
It is clear that Bruce Bartlett is on a mission based on his past statements to clean up the mess he and his proteges made when they pushed the country on the supply side economics, voodoo economics path that has been destroying the country's middle-class for decades. He and many others have a lot to atone for sooner than later.
Also published on Medium.