Results of Clawson % Growth Plan



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JOB CREATION

In the mid-1980s, the United States saw sustained economic growth.


During that time, U.S. employment grew by
.5%
over five years.



*JOB GROWTH, IN MILLIONS


Similar growth today would create over 22 million new jobs.


INCREASED INCOME

From 1983 to 1987, household income grew by
.7%



$65,659


With similar growth today, household income would increase by $14,600, reaching $65,659 by 2019.


IMPROVED PURCHASING POWER

Household purchasing power grew by more than 13% during the mid-1980s.



If 5.0% economic growth produced the same results today, family purchasing power would increase by $6,900 over the next five years.


REDUCED TAXES

With increased economic growth, the federal government would collect additional tax revenue.


*IN HUNDREDS OF BILLIONS


With growth, the federal government could collect more than $622 billion in additional tax revenue in 2020 alone.


DEFICIT REDUCTION

Economic growth will help balance the federal budget.


75%

With $622 billion in additional revenue, the projected federal budget deficit would be cut by 75% by 2020.


REDUCING FEDERAL SPENDING

Sustained 5.0% growth would also cause federal government spending as a percentage of GDP to decline by nearly 10%.


Paid for by Curt Clawson - The Outsider for Congress Committee


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