Trump goes supply-side, touts 4 percent growth to pay for tax cut

I’m not saying Donald Trump is Ronald Reagan’s clone, but I am wondering how the conservative intellectuals who insist Trump is “not a conservative” can keep saying that with a straight face. Especially so after Trump’s speech to the Economic Club of New York on Thursday. In this speech, Trump could not have been bigger supply-sider. It’s as if Jack Kemp himself showed up to talk taxes, growth and Treasury revenues. In a nutshell, Trump insisted that the number one goal of his tax proposal will be to take us toward a goal of 4 percent annualized GDP growth. The total value of his proposed tax cut has been estimated at $4.4 trillion over 10 years, and of course whenever a Republican proposes to cut taxes, the media hyperventilates about the “cost” of the tax cut.