Economics
Jeb Bush Updates Romney’s Tax Plan With Populist, Supply-Side Twists
The Republican presidential candidate is trying to update his party's fiscal policy and steal some of his rivals' thunder.
Jeb Bush Promises 4% Growth in Reagan-Like Tax Plan
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Jeb Bush’s tax plan attempts to fuse disparate streams of Republican thinking on U.S. fiscal policy, moving beyond the base-broadening, rate-lowering mantra that has animated the party.
The plan would be a $3.4 trillion tax cut over a decade, reducing federal revenue by about 8 percent. That’s according to an estimate prepared by four economists, including Glenn Hubbard, one of Bush’s top advisers. They expect the plan and forthcoming regulatory proposals to generate enough economic growth to cover about 65 percent of the costs, leaving a net revenue loss of $1.2 trillion.