But the pace of economic growth, though it's perked up the past two quarters, has been underwhelming for years. Republicans say their corporate tax cuts offer a solution to the productivity slump. Douglas Holtz-Eakin, president of the conservative American Action Forum and former director of the Congressional Budget Office, and other supporters of the tax plan don't deny that the tax plan will elevate deficits. What's more, though the corporate tax cuts would be permanent, the tax cuts for individuals would expire after 2025. "You throw deficit-financed tax cuts on a full-employment economy, and you're playing with fire," says Mark Zandi, chief economist at Moody's Analytics.

Source: ABC News December 17, 2017 08:02 UTC