Leading conservative economists are showering President Trump’s federal budget proposal with high praise indeed – including comparisons to President Ronald Reagan.
“This is the most fiscally conservative budget since Reagan,” says Chris Edwards, director of tax policy studies at the Cato Institute.
Grover Norquist, president of Americans for Tax Reform, calls Trump’s blueprint a “very strong budget” and said it’s a document that the 40th president himself might have submitted if he had had a Republican House and Senate.
Democrats controlled Congress all 8 years of the Reagan administration, a reason conservatives cite to explain why even Reagan was unable to achieve spending cuts.
“This is a Reaganite, limited-government, anti-waste and anti-duplication budget,” Norquist continues.
“It certainly makes those Republican critics who said that Trump would be a big-spending populist look like idiots.”