2018. but that s the only year of 3% growth, those longer term trends kick in after that. so even under the tax plan the strongest advocates say it will produce growth in the 2% range jared was talking about. and john said this earlier, i want to underscore it, he s quoting the tax foundation. they are the most kind of optimistic about this dynamic scoring of the tax plan. their model, i consider it to be pretty juiced relative to some more standard issue models. so we don t have the cbo or the jct, the more standard scores yet, but we do have the tax policy center and the wharton school dynamic scoring. they come in way below the numbers john s been citing. and i think they re probably more accurate. just to be clear when we talk about dynamic scoring, this is important because when you tell somebody, hey, when you look at this thing the outcome is not what the president likes to say it s going to be and the president is, oh, but we re going to have amazing growth. everybody is go
the economy will grow, they want static. somehow with a mandate, dynamic scoring, few don t have a mandate, everybody should drop out. nobody would drop out. policy ping pong with rick tyler and steve kornacki. that s hot. whew. still ahead. i expected to lose. president trump teased a major announcement, once he got back from his asia trip, my god, this will be some incredible foreign policy development. america will lead once again, no that is not what we got yesterday. what we got was more like a country club pitch. we ll take a look at what he said and what wasn t said next on morning joe.
george bush, 87% increase. neil: i m not casting political aspersions. i m just wondering where the middle ground might be found. on this tax cut, do you subscribe to the belief that republicans are saying tax cuts he sometime hate revenues and growth and that goes a long way to paying this? you re in that camp that says no, not in this case? i m not a dynamic scorer person. the reason, neil, i m not, i think dynamic scoring is a gamble. do i think tax cuts or tax increases for that matter have an impact on spending and taxes? i do. so i don t think dynamic scoring is without a rationale. what i think it is a gamble. alan greenspan said these tax cuts will pay for themselves. five years later, he came back and testified before the ways and means committee, no, i was wrong, they don t pay for
you say god help our children as we continue to bury them in unsustainable debt. this plan, to me, can still be in the red $1.5 trillion, but it could be in the red even more than that, couldn t it? no, because the goal is really on a static score to get to $1.5 trillion. nobody has taken into consideration dynamic scoring yet, the growth from the economy. there s so many numbers coming out, and there will be economists saying it will not grow the economy and some will say it is, but a 1% growth alone will take care of much of the deficit in the static score numbers. congressman, thank you so much. blink twice if the 39% tax cut phased in at $1 million.
you ve talked about that many times, we ve talked about that. but there are people here who say that the gross is not going to make up for the numbers, that you re going to add to the deficit and debt in this plan. i just happen to think they are wrong. we ve got a chance here to grow the economy. we talked about this before, the chance to grow an american economy 3%, were already at 3% right now without this tax bill having passed. if we can get about 3%, the amount of money that generates to the treasury is fantastic. it could be two and a half trillion new dollars to the government. americans get wealthier, everyone gets richer, and so does the american government and that s how you close that deficit gap. there were some lawmakers in kansas who said the same thing. that a big tax cut. dina sykes said proponents of the planned use dynamic scoring predicting incredible economic growth. today we know which forecasts were correct. they may have paid less than