Trump Administration Slams Socialism in New Report

Implementing socialist policies would cost the average American about $11,000 per year, says Council of Economic Advisers

White House Council of Economic Advisers Chairman Kevin Hassett briefs reporters about the Trump Administration's economic policy during a news conference in the Press Briefing Room at the White House in Washington, on Sept. 10, 2018. Chip Somodevilla/Getty Images

WASHINGTON—The White House released a 70-page report on Oct. 23 that knocks socialism and far-left policies pushed by Democrats, such as “Medicare for All.”

The report from the White House Council of Economic Advisers, titled “The Opportunity Cost of Socialism,” assesses the impact of socialist policies that have recently become popular in the United States.