Trump Among Topics in Bush Meeting on Tax PlanMichael C. Bender and Madeline McMahon
Republican presidential candidate Jeb Bush agrees that immigrants aren’t causing job loss in U.S., but rather “it’s a bad tax system and over-regulation and things like that,” Heritage Foundation economist Stephen Moore says in interview recounting today’s meeting with Bush, publishing executive Steve Forbes, and CNBC contributor Larry Kudlow.
- Moore says they disagree with Republican candidate Donald Trump’s assertion that U.S. should keep out immigrants
- Bush said his tax plan, which the candidate will unveil tomorrow, “will raise the GDP by about 10ppts over next decade,” according to Moore
- “It’s very specific about what would happen to rates, which deductions would be allowed and which wouldn’t, and what he’d do with the corporate system”
- “We were happy with the plan” as it’s “very pro-growth”
- NOTE: Bush said last week that tax rates should be lowered to stop U.S. companies from moving corporate headquarters overseas; related story
- NOTE: Moore, Kudlow and Forbes, along with Arthur Laffer, have formed the Committee to Unleash Prosperity