Summary: Daniel J. Mitchell, senior fellow at the Cato Institute, joins Federalist Radio to discuss President Trumps tax plan, why the border adjustment-tax is a bad idea, corporate tax rates, and how Congress is trying to juggle tax reform. The problem with the Trump tax plan, good on paper but heres the problem. Were in a fiscal environment where we already have $500 million per year deficits, Mitchell said. And if we leave government on auto pilot, were going to wind up by the middle of next decade have trillion dollar annual deficits. Veronique de Rugy, senior fellow at George Mason University’s Mercatus Center, joins for the last segment to share her positive and negative reactions to Trumps tax plan. The problem with the approach they are taking is that economic growth alone is going to be enough, and theres no indication that this White House is going to reverse its position on cutting spending, she said.
