The President’s Council of Economic Advisers (CEA) released figures Tuesday estimating the economic impact of the Trump tax bill. Here are the key takeaways:
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Real economic growth rises by up to 5.2% over the next four years.
- Up to 7.4 million full-time American jobs saved or created in the next four years.
- Increase in investment up to 14.5% in the next four years.
- Up to $11,600 in higher wages per worker.
- Up to $13,300 more in take-home pay for a family with two children.
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The Trump CEA is admittedly NOT an unbiased source, but even if its projections are TWICE as high as reality, the so-called price tag of the One Big Beautiful Bill drops by at least $2 trillion dollars.
Alas, JCT, CBO, and the rest of the bean counters score the economic effects at zero.
Go figure.