Tags: Newt Gingrich | gingrich | tax cuts | reform

Gingrich: Tax Cuts Key to Sustaining 3 Percent Growth or Higher

Gingrich: Tax Cuts Key to Sustaining 3 Percent Growth or Higher
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By    |   Thursday, 02 November 2017 11:09 AM

Former House Speaker Newt Gingrich urged Americans to ignore "Democrats and the liberal media" who cast doubts on the GOP's tax reform package.

Gingrich's comments came in a column for Fox News

"The Democrats and the liberal media will no doubt continue to try to find so-called experts who oppose the Republican tax cut plan," Gingrich said. "Americans should consider how often these supposed experts have been wrong about President (Donald) Trump and his policies."

And he added: "The left-wing media and the elites never seem to tire of being wrong."

Gingrich noted that back in May when Trump said his policies would boost the U.S. gross domestic product, allowing it to grow at a rate of 3 percent or higher, experts claimed it was "probably impossible."

"Some of these experts suggested 3 percent growth could only happen if our immigrant population doubled over a decade or the nation went to a six-day work week," he said. "They said even if unemployment fell to zero, we still wouldn't get close.

"Imagine their surprise then when the Commerce Department announced on Friday that the GDP has grown at 3 percent — for the second quarter in a row."

And Gingrich said when the Republican tax plan is unveiled, Americans should not forget about how wrong the experts were.

"Sustained 3 percent economic growth in America — or higher — is entirely possible, and the Republican tax cuts will help get us there," he said.

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Former House Speaker Newt Gingrich urged Americans to ignore "Democrats and the liberal media" who cast doubts on the GOP's tax reform package.
gingrich, tax cuts, reform
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2017-09-02
Thursday, 02 November 2017 11:09 AM
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