Cruz Promises Tax Cuts For The Rich Will Grow The Economy By 5 Percent A Year

Jeb Bush was lambasted for promising that his presidency would have created 4 percent GDP growth. Republican candidate Ted Cruz is now going even further: he’s promising 5 percent growth or more. On Friday, he told CNBC’s Squawk Box, “My object is a minimum of 5 percent GDP growth.” And he would get there, he said, through his tax plan, which does away with most of the tax code to institute a 10 percent across the board rate on all income, and 16 percent on businesses. “The numbers we’re estimating are, if anything, underselling the GDP impact” of his plan, Cruz said....
http://thinkprogress.org/economy/2016/04/15/3769835/cruz-5-percent-growth/