Prepare to be great again. Former Goldman banker and Hollywood degenerate, Steve Mnuchin, in a CNBC interview this morning said the economy could be super charged to grow at 3-4%, instead of the feckless shit Obama has presided over, if corporate taxes could be slashed down to 15%.
“By cutting corporate taxes, we’re going to create huge economic growth and we’ll have huge personal income,” Mnuchin told “Squawk Box,” confirming he has been tapped for treasury secretary.
Reducing the corporate tax rate from 30 percent to 15 percent will be a major goal for the Trump administration, the former Wall Street executive said.
“Our most important priority is sustained economic growth, and I think we can absolutely get to sustained 3 to 4 percent GDP, and that is absolutely critical for the country,” Mnuchin said.
“To get there, our number one priority is tax reform. This will be the largest tax change since [President Ronald] Reagan.”
In addition, he said he wants to simplify taxes for the average citizen. “Taxes are way too complicated, and people spend way too much time worrying about ways to get them lower,” he said.
Mnuchin was Trump’s campaign finance chairman during the election.
It’s going to be fantastic. Champagne breakfasts for all and cocaine lunches for some. For the D.C. types out there, your pizza parties are coming to an end.
If you enjoy the content at iBankCoin, please follow us on Twitter
Meh GDP growth doesn’t mean shit if we don’t have actual demand in our economy.
Everything I’ve read about trumps tax plan is that it will be good for corporate america but a shit sandwich for the middle class.
This’ll fly through congress like a lead brick. Or in other words… it has the same chances of survival as a snowball in Podesta’s real home.
“It’s going to be fantastic. Champagne breakfasts for all and cocaine lunches for some. For the D.C. types out there, your pizza parties are coming to an end.” — absolutely brilliant writing
This didnt work 16 years ago and it wont work this time.
Does anyone suddenly feel like buying a Ford truck? Trickle down does not produce demand Fly. How stupid are you guys. IS-LM model or Mundell–Fleming model…
GDP growth is going to double… seriously. Trust me. Its gonna double so hard.