Panel of Eminent Economists in Agreement: Tax Reform Will Lead to Economic Growth

On Saturday, November 25th, nine of the nation's leading economists sent a letter to Treasury Secretary Steven Mnuchin, addressing the implications of tax reform for economic growth.

According to their press release, Mnuchin states that Treasury is "very encouraged that findings by this preeminent group of economists supports our strong belief that the tax reform proposals before Congress will lead to substantial economic growth."

The economists agree that 30 basis points is a fair estimate of the incremental annual growth that will result from corporate tax reform. They also note that with permanent full expensing, 40 basis points would be a fair estimate. The letter further states that other components of tax reform, such as reducing rates for pass through businesses and individuals, will increase growth above this level.

SFIG's Tax Policy Committee will be convening regularly on the tax reform matter. We will also continue to monitor the legislative process for provisions that have implications for securitization as tax reform progresses through the House and Senate. If you would like to join SFIG's Tax Policy Committee, please contact

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