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Gingrich Gingrich Campaign Press Release - WSJ: Newt's Economic Plan Gets Dynamic

February 25, 2012

According to an official scoring by Fiscal Associates lead economist Gary Robbins released earlier this week, Newt's Jobs and Economy Recovery Plan would create 6.6 million new jobs in two years and balance the budget within his first term. The Wall Street Journal's Stephen Moore wrote about this news in his column, saying Newt "arguably has the boldest tax plan."

Overlooked because of the buzz about Republican presidential candidate Mitt Romney's new 20% income tax cut plan was the latest splash out of rival Newt Gingrich's economic policy shop.

Mr. Gingrich has announced he will use dynamic, not static, scoring to demonstrate his plan's potential to jumpstart growth. The former House speaker arguably has the boldest tax plan, which includes a 15% optional flat tax. He would also allow young workers to take a share of their payroll tax dollars and divert the funds into a personal IRA.

These plans have come under attack from liberal groups like the Center on Budget and Policy Priorities and even from some of Mr. Gingrich's fellow Republicans. On Thursday Mr. Gingrich showed that using this dynamic scoring — which takes into account the extra economic steroid effect of the plan — there would be six million new jobs in two years.

The new economic numbers, from former Reagan economists Peter Ferrara and Gary Robbins, also show that the Gingrich policies would balance the budget within the first term of his presidency.

Read Moore's full column here.

Newt Gingrich, Gingrich Gingrich Campaign Press Release - WSJ: Newt's Economic Plan Gets Dynamic Online by Gerhard Peters and John T. Woolley, The American Presidency Project https://www.presidency.ucsb.edu/node/299978

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