Experts and journalists have pointed out that President Donald Trump’s budget numbers for the 2018 fiscal year do not add up, as they rely on unrealistic growth expectations. Nonpartisan experts say the gap between the White House’s estimates and the Congressional Budget Office’s is “the largest on record.” On May 23, the White House released its full budget proposal, which not only calls for kicking millions of working- and middle-class Americans off vital public assistance programs to make room for gigantic tax cuts for top income earners, but also bases its tax revenue projections on expected annual gross domestic product (GDP) growth of 3 percent by 2020.
Experts Point Out Trump’s Budget “just Doesn’t Add Up”
Media Matters for America, Media Matters for America
Wed, 05/24/2017 - 1:40pm
Topics: president donald trump s congressional budget office s experts treasury secretary larry summers harvard university msnbc live jared bernstein center policy priorities cbpp ali velshi matt yglesias but yglesias noted united states obama jason furman as fivethirtyeight s ben casselman u.s the washington post s ana swanson mick mulvaney management congressional budget office cbo trump s trump s white house white house s budget office budget may on may american americans gdp in washington post cbpp vox swanson cbo doesn add growth labor projections force percent economic gap productivity economist numbers tax million proposal record blog nonpartisan today chances based journalists rapid workforce compared largest revenue cuts annual true fairy told
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