Americans for Tax Reform President Grover Norquist authored an op-ed today in the Washington Examiner describing the magnitude of President Trump’s tax reform agenda.
Norquist explained that in the 31 years since President Reagan last reformed the tax code, the Washington establishment has burdened Americans with thousands of pages of tax regulations and created more loopholes for special interests.
President Trump’s agenda of lowering taxes and simplifying the tax code has the potential to increase America’s growth rate while benefiting individuals and small businesses alike:
Trump pointed out that if America grew at 3 percent a year rather than the anemic 2 percent a year for the next 10 years, our nominal GDP would be $16 trillion higher than our current path. Federal revenues would be $2.9 trillion higher, allowing tax cuts and/or debt reduction, plus workers would have $7 trillion more in wages and salaries.
Read the full op-ed and find out more on why this is such a huge deal for American taxpayers.
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