Cato’s Mitchell: Trump Has Right Ideas on Cutting Taxes, Regulation

Dan Mitchell, an economist and senior fellow at the Cato Institute, told Newsmax TV that President Donald Trump has the right ideas about cutting taxes and regulation, while government spending is worrisome.

“If we want faster growth, the only recipe that gives you faster growth in the long run is increasing the productivity, the efficiency of your economy: Getting more output from your capital and labor,” he told Sunday’s “The Income Generation Show.”

“Let’s lower the corporate tax rate, let’s reduce some red tape and regulation in the economy and Trump’s been pretty good about those things,” he said, “but for heaven’s sake, if he doesn’t get serious about government spending, I worry that any tax cuts we get won’t be very sustainable.”

U.S. Treasury Secretary Steven Mnuchin said economic growth of 3 percent is achievable in the next two years as the Trump administration seeks tax cuts to create more

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