U.S. House Rep. Luke Messer, R-Indiana, tells only a tiny part of the truth in his Oct. 3 op-ed about federal tax cuts and GDP growth.
Real GDP grew at an annual rate of 3.4 percent over the eight years of the Reagan administration, yet it grew at an annual rate of 3.7 percent under the Clinton administration.
Similarly, real GDP grew at an annual rate of 1.8 percent during the George W. Bush years, but it grew at an annual rate of 2 percent under the Obama administration.
However, the Reagan budgets blew up the federal deficit by a whopping 186 percent in eight years, while it increased only 32 percent in eight years during the Clinton administration. Similarly, the debt increased 101 percent under G.W. Bush but only 68 percent under Obama.
The proof is in the numbers. Federal tax cuts do not increase real GDP growth but do significantly increase the federal deficit and thus burden future generations with the costs.
Stephen Jarzombek, St. John