Trump Administration

After Trump Tax Cuts, Economy to See Boost Not Seen in 15 Years

After Trump Tax Cuts, Economy to See Boost Not Seen in 15 Years
L: An employee at the Mercedes-Benz US International factory in Vance, Ala., on June 8, 2017. (Andrew Caballero-Reynolds/AFP/Getty Images); R: President Donald Trump in the Rose Garden of the White House in Washington, D.C., on Nov. 2, 2017. Samira Bouaou/The Epoch Times
Petr Svab
Petr Svab
reporter
|Updated:

America’s economy will get a boost of 3.3 percent this year, between the fourth quarter of 2017 and fourth quarter of 2018. Such an uptick in gross domestic product (GDP) has rarely been seen in the past two decades. And it’s coming mainly due to President Donald Trump’s tax cuts, according to the Congressional Budgeting Office (CBO).

Such a 4Q-to-4Q increase has not been topped since 2003 when GDP swelled 4.4 percent during the recovery from the 2001 crash, based on data from the Bureau of Economic Analysis.
Petr Svab
Petr Svab
reporter
Petr Svab is a reporter covering New York. Previously, he covered national topics including politics, economy, education, and law enforcement.
twitter