Ted Cruz: Reagan-style tax cuts will spur China-like economic growth

Source: Fox Business | September 27, 2017 | Matthew Rocco

As the White House and GOP prepared to reveal the first details of its tax plan, Texas Sen. Ted Cruz told the FOX Business Network that Republicans should pursue “Reagan-style” tax cuts for individuals and small businesses to boost U.S. economic growth.

Cruz, speaking in an interview with Maria Bartiromo on “Mornings with Maria,” argued that a tax plan that promotes “growth, fairness and simplicity” will bring an end to a period of slow growth.

“If you want to see Reagan-era economic growth, if you want to see booming GDP [and] small businesses growing, you’ve got to have Reagan-style tax cuts,” Cruz said Wednesday, adding that tax reform led by President Ronald Reagan spurred “China-level numbers” for economic growth.

Cruz said broad tax cuts will help the U.S. return to 3%-plus GDP growth.

“If you want people to rise the economic ladder, you need the economy growing and you need small business growing. A big tax cut’s the way to do that,” he said.

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