Chris Wallace Schools Pawlenty on His Economic Plan
From ThinkProgress:
Republican presidential contender and former Minnesota governor Tim Pawlenty may have been expecting a friendly reception when he sat down for an interview this morning with Fox News’ Chris Wallace. But he didn’t get one. The Fox host hammered Pawlenty on his recently released — and fantastically unrealistic — economic plan, which slashes taxes for corporations and millionaires while assuming unrealistic growth estimates.
Pawlenty’s plan would cost $7.8 trillion, or triple the size of the Bush tax cuts, and explode the deficit. Furthermore, his plan’s incredulously assumes 5 percent growth for 10 years in a row while eliminating revenue. As Wallace pointed out, there have only been two times in recent history when the U.S. has achieved 5 percent growth — and they both came after tax increases. Pawlenty seemed stumped by how to respond to this ugly truth about his so-called “pro-growth” plan:
