Sustaining 3% GDP Growth instead of 2% for ten years for the USA

National Economic Council Director Larry Kudlow talked about maintaining GDP growth at 3% for the USA for ten years.

The USA had 3%-4% GDP growth most of the time from 1975 to 2007.

It was only from 2008 to 2016 where the growth rate was around 1 to 2%. However, US population growth has been slowing. Population growth is 0.5% per year.

Growing at 3% GDP growth instead of 2% per year would mean $3.5 trillion more tax revenue over 10 years. The US economy would be larger 10% larger at the end of ten years.

Kudlow believes lower tax rates, less regulation, and a booming energy market will keep the economy strong.