What did Steven Mnuchin predict about the economy in September 2017?
Steven Mnuchin, Treasury Secretary ·
Not only will this tax bill pay for itself, but it will pay down debt.
+$1.9 trillion in deficits
Mnuchin said the tax cuts would pay for themselves and pay down debt. The 2017 tax law was instead estimated to add about $1.9 trillion to deficits over 2018 to 2028, even counting growth.
The Congressional Budget Office estimated the 2017 tax law would add about $1.9 trillion to deficits over 2018–2028, even after counting growth effects.
Prediction vs. outcome · Economy
Added · Updated
The claim
- Date
- Where
- Washington Ideas forum, Washington, D.C.