Thing we're trying to add to this is that lower corporate tax rates as we try and spur the economy. So that's where the Donald Trump attention is. The president's attention is on the middle class, making sure that's simple, fair and better. And then on the corporate tax rate, to try and get folks to invest in America again. His focus has not been on the impact on the top 1 percent.
Mick MulvaneyThere was very polite, gentlemanly, and - and - and lady-like push-back on issues on both sides. Chuck Schumer continues to push this idea of this $30 billion tunnel under the Hudson River, um, that Donald Trump very politely pushed back on. But I thought it was cordial and productive. The president is not giving up on the wall, and he's certainly not giving up on border security.
Mick MulvaneyIf we can get to that 3 percent grow, it is $2 trillion to $2.5 trillion worth of more government revenues. It's 12 million additional jobs. And those are 12 million jobs paying into Medicare, 12 million jobs paying into Social Security. Growth really is what's driving all of this and growth is what our focus is, which is why we're willing to accept increased short-term deficits in exchange for that long-term payoff.
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 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 MulvaneyAmerican Action Network should be spending their money to try and get those Democrats to change the votes, not beating up on Republicans in the House.
Mick MulvaneyWe need to have the growth. If we simply look at this as being deficit-neutral, you're never going to get the type of tax reform and tax reductions that you need to get to sustain 3 percent economic growth. We really do believe that the tax code is what's holding back the American economy.
Mick Mulvaney