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

President TrumpDonald John TrumpDemocratic senator rips Trump's 'let them fight' remarks: 'Enough is enough' Warren warns Facebook may help reelect Trump 'and profit off of it' Trump touts Turkey cease-fire: 'Sometimes you have to let them fight' 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 SandersBernie SandersWarren raised more money from Big Tech employees than other 2020 Democrats: Report Krystal Ball reacts to Ocasio-Cortez endorsing Sanders: 'Class power over girl power' Saagar Enjeti praises Yang for bringing threat of automation to forefront at Ohio debate 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 WarrenWarren warns Facebook may help reelect Trump 'and profit off of it' Martin Luther King Jr.'s daughter knocks Zuckerberg for invoking her father while defending Facebook Overnight Health Care — Presented by National Taxpayers Union — House Dems advance drug pricing bill | Cases of vaping-related lung illnesses near 1,500 | Juul suspends sales of most e-cigarette flavors MORE (D-Mass.), Kirsten GillibrandKirsten GillibrandOvernight Defense — Presented by Boeing — House passes resolution rebuking Trump over Syria | Sparks fly at White House meeting on Syria | Dems say Trump called Pelosi a 'third-rate politician' | Trump, Graham trade jabs Senate confirms Trump's Air Force secretary pick Lobbying world MORE (D-N.Y.), Cory BookerCory Anthony BookerFormer public school teacher: Strikes 'wake-up call' for Democratic Party First-generation American launches Senate campaign against Booker 2020 Democrats tell LGBTQ teens they're not alone on Spirit Day MORE (D-N.J.) and Kamala HarrisKamala Devi HarrisCampaign aide replaces Trump with Kamala Harris in viral 'meltdown' photo Warren raised more money from Big Tech employees than other 2020 Democrats: Report Poll: Biden, Warren support remains unchanged after Democratic debate 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.