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?We?re going to easily see 4 percent growth next year,? the National Economic Council director, Gary D. Cohn, said. Steven Mnuchin, the Treasury secretary, declared the tax plan would generate enough growth to more than pay for its $1.5 trillion cost.
But those pronouncements are at odds with estimates from the former employer of both men, Goldman Sachs. The bank projected that the tax bill will add just three-tenths of 1 percent of growth in the next two years, before its impact peters out.
The firm?s annual growth estimate of 2.5 percent for 2018 matched the one issued this week by the nation?s central bank, the Federal Reserve, while the latest median Wall Street forecast hovered close by. And in 2019, growth is expected to drop to 1.8 percent, Alec Phillips, chief United States political economist for Goldman, said Wednesday after the Senate vote.
?We?re going to easily see 4 percent growth next year,? the National Economic Council director, Gary D. Cohn, said. Steven Mnuchin, the Treasury secretary, declared the tax plan would generate enough growth to more than pay for its $1.5 trillion cost.
But those pronouncements are at odds with estimates from the former employer of both men, Goldman Sachs. The bank projected that the tax bill will add just three-tenths of 1 percent of growth in the next two years, before its impact peters out.
The firm?s annual growth estimate of 2.5 percent for 2018 matched the one issued this week by the nation?s central bank, the Federal Reserve, while the latest median Wall Street forecast hovered close by. And in 2019, growth is expected to drop to 1.8 percent, Alec Phillips, chief United States political economist for Goldman, said Wednesday after the Senate vote.
Same people that said anything approaching 3% is fantasy land? What kind of magic wand does he have lol
I'd say we are done getting false predictions and projections from liberals. fuck all of that, we will show you how the economy is grown. Then you can show us how you attempt to give 0bama the credit for it.
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