Trump tax cuts may fail to drive economic gains


Pro-growth: Trump waves to people at an event in Maryland. Analysts say US lawmakers face pressure to find savings to fund the president-elect’s tax cuts. — Reuters

WASHINGTON: 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.

But new analysis from the Committee for a Responsible Federal Budget (CRFB), a non-partisan fiscal watchdog group, warns that extending tax cuts set to expire next year could do almost nothing to grow the economy.

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Donald Trump , tax , GDP

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