The reason we've been growing at 1.8 percent for the last eight, ten years, which is way below the historical average, is in large part because of our tax code. It is important to us to get the biggest, broadest tax reduction, tax cuts, tax reform that we can possibly get because it's the only way we get back to 3 percent growth. That's what's driving all of this, how do you get the American economy back on that historical growth rate of 3 percent and out of these doldrums of 1.8, 1.9 that we had of the previous Barack Obama administration?
Mick MulvaneyMy dad told me something long before I was in politics, and when your dad gives you advice every single day, eventually one or two of the things stick in your mind. And he said, don't believe what people say, believe what they do.
Mick MulvaneyI would be embarrassed to tell you how many folks ran saying that they weren't going to spend a bunch of money, they weren't going to raise the debt ceiling, and then they went to Washington, D.C., and did exactly that.
Mick MulvaneyIf we had 3 percent growth, which is what we're trying to get to, what we're at, by the way, right now, we're trying to maintain that 3 percent growth. If we had been at 3 percent growth over the last ten years, the budget very nearly would be balanced in 2017. That's how big a difference it makes when you grow the American economy that additional 1 percent over ten years.
Mick MulvaneyI don't think the criticism is fair. I think the criticism is assuming that Donald Trump giving up on something. He's not. I think if you do end up seeing - if you do end up seeing - some type of agreement regarding DACA and this massive-but-not-wall border security, talking about technology and people, all the things that we need to stop drugs and illegals from coming across the border. If that does become the framework for an agreement that does not mean the president's giving up on his priorities.
Mick MulvaneyGrowth works. What we're doing in the administration to spur growth in terms of regulatory form work. And what we're working is to make sure that those tax cuts add to that. We do believe that sustained 3 percent economic growth is possible and that that is the way you can balance the budget long-term.
Mick MulvaneyWhen the conversation started to move to the things that we disagreed on, Donald Trump moved it back to the things that we could agree on. I think that's the way you get deals done, right? You and I might disagree 80% of the time but that still gives us 20% opportunity to try to work things out.
Mick Mulvaney