You know, if you do this on a permanent basis, Tax foundation, for example, says you get another 1.8% GDP growth out of that. And that's a huge impact on government revenues. So you get more growth, you get more revenues For every 1% increase in gross domestic product, the standard rule of thumb is about $3 trillion in additional tax revenue. So you've got to have pro growth policies to deal with deficits and debt. And then you've also got to deal with restraining federal spending, which is the other objective or one of many objectives in this bill that we're working on. (04:54–04:59)
CLAIM
Asserts that a 1% GDP increase typically results in $3 trillion more in tax revenue.
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