“The White House is stepping up its efforts to sell the GOP megabill ahead of an impending Senate vote,” Politico reports.
“The legislation is far from finalized, but the Council of Economic Advisers is sending its first analysis of the Senate bill to Congress Wednesday.”
“The analysis is significantly rosier than projections from most other economists, who doubt that the Republican plan will do much for growth because the tax breaks for businesses — which have the most potential economic oomph — are relatively small, especially compared to the 2017 bill. Their tax package this time around is much more focused on cutting taxes for individuals while piling on debt that most economists believe will push up interest rates and create a drag on growth.”