Trump’s Tax Cuts May Do Nothing to Boost Economy

“President-elect Donald Trump says renewing tax cuts would turbo-charge investment and boost US economic growth — a pledge that helped propel him to election victory in November,” Bloomberg reports.

“But new analysis from the Committee for a Responsible Federal Budget, a nonpartisan fiscal watchdog group, warns that extending tax cuts set to expire next year could do almost nothing to grow the economy. That’s a jarring data point for Republicans framing the case to renew the costly legislation as a way to boost an economy that many voters say isn’t serving them.”