There Are Zero Excuses to Stand Against the Trump Tax Cuts

An economy that was growing at 1.6 percent when Trump entered office and never is now already up to near 3.5 percent growth. And that's before the Trump tax cuts.

by Stephen Moore
December 19, 2017

Love Donald Trump or hate him, what is undeniable one year into his presidency is the new economic optimism of workers, investors, small business owners and major CEOs. An economy that was growing at 1.6 percent when he entered office and never achieved a 3 percent growth rate in the previous decade is now already up to near 3.5 percent growth.

And that’s without the Trump tax cut. I’m on record at CNN for predicting 3.5 percent and possibly 4 percent growth next year, which we haven’t seen in at least 15 years. Barack Obama kept predicting 4 percent growth year after year and he never came close. Maybe a change in strategy on regulation, taxes, energy policy and other strategic shifts makes sense after a decade of malaise.

There’s no sense in arguing about what the impact of the Trump tax cuts will be. It’s going to be signed into law by the end of the week, and now we will see a great experiment in economic policy carried out. Republicans have bet the …