Architect Of GOP Tax Reform Explains Why It Works

On Thursday evening Senate Republicans ran into a speed bump in their quest to pass a tax overhaul when they were forced to confront reports that the bill could fall far short of GOP promises of economic growth, adding $1 trillion to budget deficits over the next 10 years.

Economist Stephen Moore, who was one of the architects of the GOP tax reform blueprint, and a senior economic adviser to the Trump campaign, explains why he thinks the GOP tax plan won't increase the deficit and will benefit small businesses and the middle class. 

Stephen Moore, is a visiting fellow for the Project for Economic Growth at the Heritage Foundation. His latest book is An Inquiry into the Nature and Causes of the Wealth of States: How Taxes, Energy, and Worker Freedom Change Everything

RIDICULOUS to say wages will rise in US. Companies head overseas precisely to pay lower wages.

— JB von Cranberry (@JVMeter) December 1, 2017

@BrianLehrer There needs to be pushback on the idea that people in rural states are paying for our services in the big cities. NY is a donor state, we pay for services in other states - much more than we get back. Also, the economy in the region fuels the whole country.

— Ben Paganelli (@BenPaganelli) December 1, 2017

Also, this is income redistribution, pure and simple. I lose my student loan deduction so the inheritance tax is lower? Come on.

— Emily Murdock Baker (@EMurdockBaker) December 1, 2017