Sorry, Joe.

You can’t tax your way out of this fiscal calamity. The White House plan is to raise the corporate tax, the capital gains tax, the death tax and small business taxes. This will only slow growth and make the debt burdens worse.

What America needs now is growth. Much faster growth.

The curse of Bidenomics is that the CBO now predicts growth for the next decade is 1.8%. That’s barely treading water.

Trump has the goal of 3%+ growth – which is basically the long-term U.S. average.

This would bend the debt curve down. Anything that boosts growth – tax cuts, repealing inefficient regulations, pro-growth immigration policies, technology, privatization, pro-American energy policies, artificial intelligence, fixing our education system with school choice – has to be the highest priority.

Growth will make future generations of Americans much richer, will erase deficits, and eventually the debt will shrink, as shown in the chart below from our economic advisory board member, Louis Woodhill.