The presidents defenders also seized on a Times report that Mueller had

The presidents defenders also seized on a times

This preview shows page 90 - 92 out of 106 pages.

malpractice.” The president’s defenders also seized on a Times report that Mueller had dismissed a possibly anti-Trump F.B.I. official from his team as proof of bias . “You get a picture that this investigation is out to get the president,” said Newsmax’s Chris Ruddy, a Trump confidante, on ABC yesterday. Still, he acknowledged that Flynn’s plea deal “poses an existential threat to the Trump presidency.” Taxes prove Trump discounts evidence Cohen 17 (Patricia, covers the national economy for The New York Times and is the author of “In Our Prime: The Fascinating History and Promising Future of Middle Age”. Award winning reporter. The New York Times, 12-20-2017, “ In Tax Overhaul, Trump Tries to Defy the Economic Odds ”) NREM/Lil’ GBN To Mr. Trump and his allies , the normal models just do not fully capture the high-octane “rocket fuel” embedded in the tax plan . Mr. Trump intuitively understands just how much attitudes and expectations can shape economic decisions. With a businessman in the White House, Mr. Trump argues that companies, large and small, have a renewed faith in the economy. And the corporate tax cut, combined with the rollback in regulation, will prompt waves of new investment and hiring , as middle-class Americans liberally spend the extra money in their pockets. “ We’re going to easily see 4 percent growth next year,” the National Economic Council director, Gary D. Cohn, said. Steven Mnuchin, the Treasury secretary, declared the tax plan would generate enough growth to more than pay for its $1.5 trillion cost. But those pronouncements are at odds with estimates from the former employer of both men, Goldman Sachs. The bank projected that the tax bill will add just three-tenths of 1 percent of growth in the next two years, before its impact peters out. The firm’s annual growth estimate of 2.5 percent for 2018 matched the one issued this week by the nation’s central bank, the Federal Reserve, while the latest median Wall Street forecast hovered close by. And in 2019, growth is expected to drop to 1.8 percent, Alec Phillips, chief United States political economist for Goldman, said Wednesday after the Senate vote. “We note that the effect in 2020 and beyond looks minimal and could actually be slightly negative,” the company said in a recent published summary . Such projections are unlikely to deter Mr. Trump and Republican leaders from declaring success next year. Lower taxes and extra incentives to invest in 2018 are almost certain to encourage consumers to spend and businesses to expand. Trump has crack downed on immigration DESPITE evidence Anderson 2-12 (Stuart, executive director of the National Foundation for American Policy, a non- partisan public policy research organization focusing on trade, immigration and related issues. Forbes, 2- 12-2018. “Right Now, 'Merit-Based' Just Means Fewer Immigrants”) NREM/Lil’ GBN
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