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CBO dismisses Trump’s 3 percent growth target

By Joseph Lawler
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CBO dismisses Trump’s 3 percent growth target

Congress’ budget experts don’t believe that the Trump administration’s tax cuts and regulation-cutting will usher in the new era of 3 percent growth that President Trump promised.

The Congressional Budget Office issued projections Monday showing that growth will average just 1.9 percent, adjusted for inflation, over the next 10 years, cracking 3 percent only this year.

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Congressional Budget Office Donald Trump Tax Reform Unemployment