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the finance 202: trump administration gets real about cost of its tax plan

the finance 202: trump administration gets real about cost of its tax plan News Article With The full text news and with Resource Link at the bottom of the text and you can View this News Article in the source page.



the finance 202: trump administration gets real about cost of its tax plan

the tickerjeffrey freeland with the house budget committee displays president trump's 2019 fiscal budget for the media on monday. (jim lo scalzo/epa-efe)president trump’s budget, first and foremost, is a messaging document. take it from white house budget director mick mulvaney, who in a monday briefing told reporters, “this is a messaging document.” but there is some truth in advertising. the administration’s spending blueprint finally acknowledges what every mainstream economist insisted last year over the trump team's objections: the $1.5 trillion tax cuts won’t pay for themselves. the top lines help tell the story. the white house predicts stronger economic growth, kicking in sooner, than it did in the 2018 budget. at about 3 percent annually, that growth is far more ro...