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Council of Economic Advisers Chairman: Reducing Corporate Tax Rate to 20% Could Help Lift GDP to 4%

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Hassett says even Obama suggested lowering corporate tax rate

Chairman of the Council of Economic Advisers Kevin Hassett / Getty Images

BY:  / the Washington Free Beacon

Kevin Hassett, the chairman of the Council of Economic Advisers, says that lowering the corporate tax rate to 20 percent, as part of President Donald Trump’s tax reform proposal suggests, could help lift GDP by 4 percent in the first year.

Speaking to the Tax Policy Center and the Tax Foundation, Hassett said the plan is pro-growth, pro-work, and will increase economic output and growth.

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