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Tax-Cut Proponents Promise 3-4% Growth; This Economic Milestone Shows That’s Nearly Impossible

(Andrew Van Dam – Washington Post)

Two lines just crossed on a chart, and they show why, by at least one prominent measure, the Republican tax plan is coming at a mighty strange time.

Congressional Republicans promise their proposed tax plans will turbocharge the economy and complete its long recovery from the Great Recession. But in a little-noticed development, recent economic data indicated that the economy has actually, finally, reached its full capacity.

For the first time since the end of 2007, the economy, measured as gross domestic product (GDP), is at its (theoretical) potential. Click here to read more.