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

President TrumpDonald John TrumpGOP senator introduces bill to hold online platforms liable for political bias Rubio responds to journalist who called it 'strange' to see him at Trump rally Rubio responds to journalist who called it 'strange' to see him at Trump rally 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 SandersFive takeaways from Trump's 2020 kickoff rally Five takeaways from Trump's 2020 kickoff rally Sanders tears into Trump in response to campaign kickoff rally 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 WarrenSanders tears into Trump in response to campaign kickoff rally Sanders tears into Trump in response to campaign kickoff rally Warren introduces universal child care legislation MORE (D-Mass.), Kirsten GillibrandKirsten Elizabeth GillibrandOvernight Health Care: Democrats attack after Trump revives talk of ObamaCare replacement | Cruz, Ocasio-Cortez efforts on birth control face major obstacles | CVS investing M to fight teen e-cig use Overnight Health Care: Democrats attack after Trump revives talk of ObamaCare replacement | Cruz, Ocasio-Cortez efforts on birth control face major obstacles | CVS investing M to fight teen e-cig use Trump's 2020 campaign strategy is to be above the law MORE (D-N.Y.), Cory BookerCory Anthony BookerWarren introduces universal child care legislation Warren introduces universal child care legislation Booker responds to Trump's mass deportation threat: 'This is not who we are' MORE (D-N.J.) and Kamala HarrisKamala Devi HarrisBiden, Sanders to be center stage at first debate Biden, Sanders to be center stage at first debate Poll: Six Dems lead Trump in Florida match-ups 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.