MAGAnomics And The Quest For Three Percent | WBEZ
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MAGAnomics And The Quest For Three Percent

MAGAnomics: It's a term coined by White House budget director Mick Mulvaney to describe a plan designed to guarantee three percent economic growth every year. How? Through tax cuts, spending cuts and a combination of other strategies. The Congressional Budget Office predicts the plan will only give the economy a one-tenth of one percent boost, keeping overall growth below two percent. The White House has previously said it doesn't have much faith in the CBO's math skills, but whose calculations can we trust? And what would it take to get to three percent growth? Joining us to discuss it are Heather Long, an economics reporter for The Washington Post, James Pethokoukis, a columnist at the American Enterprise Institute, Bryan DeHenau, president of BCD Construction LLC, a building company near Detroit and Bayard Winthrop, founder and CEO of American Giant, an apparel company that manufactures clothes in the U.S.

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