The Trump plan for tax cuts of the sort normally reserved for times of economic recession is taking shape in Congress amid signs the economy is already growing briskly.
WASHINGTON: The White House promoted president Donald Trump’s tax cut plan last Friday with a forecast of faster US economic expansion and wage growth, as independent analysts said the plan would swell the budget deficit and provide little spark to the economy.
The rival projections reflected the many unknowns swirling around the plan, expected to be unveiled in legislative form on Wednesday. Republicans were still undecided on some of the hardest parts, such as how to pay for the costly cuts proposed.
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