Kudlow: Dem push on Green New Deal, 'Medicare for all' would shrink economy by 15 percent

President TrumpDonald John TrumpHouse Dems demand Barr cancel 'inappropriate' press conference on Mueller report DOJ plans to release 'lightly redacted' version of Mueller report Thursday: WaPo Nadler accuses Barr of 'unprecedented steps' to 'spin' Mueller report MORE’s top White House economic adviser said Thursday that "Medicare for all," the Green New Deal and other Democratic proposals would shave 15 percent off the economy over a decade.
 
“I believe it would be catastrophic,” Larry Kudlow, director of the National Economic Council, said at The Hill’s newsmakers event. 
 
“All of that would decimate the economy. I think we would lose 15 percent of GDP,” he said, citing an internal White House analysis. The details of the analysis have not been made public. 
 
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The White House has taken aim at sweeping proposals being offered by Democrats who are running for president in 2020. Trump has indicated he thinks the issues are political winners for the GOP.
 
"We don't want to have them knock it out before we run against it, so let's take it easy," he said of the Green New Deal at a recent speech.
 
The Green New Deal is intended to address climate change by moving the U.S. toward renewable energy. By making investments in renewable energy, it would also be intended to create new jobs. 
 
On Wednesday, Sen. Bernie SandersBernard (Bernie) SandersOvernight Health Care: DOJ charges doctors over illegal opioid prescriptions | Cummings accuses GOP of obstructing drug pricing probe | Sanders courts Republican voters with 'Medicare for All' | Dems probe funding of anti-abortion group Ex-Obama campaign manager: Sanders can't beat Trump Booker calls for sweeping voting rights reforms MORE (I-Vt.) rolled out an updated version of his Medicare for all proposal, with the backing of four other 2020 candidates: Sens. Elizabeth WarrenElizabeth Ann WarrenOvernight Defense: Reports detail effect of transgender military ban | Watchdog auditing 8 billion submarine program | Warren questions top general on climate change Booker calls for sweeping voting rights reforms Warren praises Ocasio-Cortez in Time 100 MORE (D-Mass.), Kirsten GillibrandKirsten Elizabeth GillibrandOvernight Energy: Gillibrand offers bill to ban pesticide from school lunches | Interior secretary met tribal lawyer tied to Zinke casino dispute | Critics say EPA rule could reintroduce asbestos use Trump says he'd like to run against Buttigieg Gillibrand introduces bill to ban harmful pesticide from school lunch MORE (D-N.Y.), Cory BookerCory Anthony BookerHillicon Valley: Washington preps for Mueller report | Barr to hold Thursday presser | Lawmakers dive into AI ethics | FCC chair moves to block China Mobile | Dem bill targets 'digital divide' | Microsoft denies request for facial recognition tech Booker calls for sweeping voting rights reforms 20 Dems demand no more money for ICE agents, Trump wall MORE (D-N.J.) and Kamala HarrisKamala Devi HarrisEx-Obama campaign manager: Sanders can't beat Trump Pollster says Trump's approval rating in 2020 will be impacted by Dem nominee 20 Dems demand no more money for ICE agents, Trump wall MORE (D-Calif.). The proposal would move the United States to a single-payer health care system.
 
Democrats argue that their proposals would help America’s poor and middle class get reliable access to health care, increase wages and slow the effects of climate change on the economy. 
 
GOP arguments against both proposals have focused on their cost. Republicans argue both would lead to higher taxes and or rising deficits.
 
The Hill's Newsmaker Series event on tax cuts and small business was moderated by editor-in-chief Bob Cusack and sponsored by the Job Creators Network.