Taxes and the tax code need to be simplified. I am a great believer that Americans spend their own money more wisely than Washington. Below one can see that the House Republican Plan and the Trump plan are very close and the differences easily reconciled.
Tax reduction is a pro-growth measure – one of several proposed by Mr. Trump. It is difficult for the average American to grasp the significance of the Obama economic plan’s growth (approximately 2%) compared to 3.5% growth. Here is an easy comparison. By way of example, we can look at the last half of the 20th century. If the US economy had grown at 2% rather than 3.5% since 1950, income per person by 2000 would have been $23,000 not $50,000!
And thanks to CAG for sending this to me.