Larry Kudlow: Tax Cut Has Paid For Itself Already Through Higher Tax Revenue And Growth


National Economic Council Director Larry Kudlow discusses President Trump’s tax law, the booming U.S. economy and the rising national debt on FOX Business Network.

"We've argued with the improvement in economic growth from less than 2% to well over 3%, near 4%, that growth and revenues from incomes and more people working is basically financed the business tax cut. The tax cut has paid for itself already barely through the first calendar year," Kudlow told FBN's Trish Regan. "If we can keep the economy growing at 3% or better, according to the CBO, over ten years... that would generate... 3.5 trillion dollars of additional deficit reduction, just because of the increase in growth."

"I see no signs of the economy slowing up," he said. "We're predicting long-term 3% economic growth."

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