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The White House has insisted that Donald Trump’s economic policies will help cut the US debt as it makes a final pitch to win over fiscal hawks in the Senate and get the president’s flagship tax bill over the line this week.
In a new analysis released on Wednesday the White House Council of Economic Advisers argued stronger growth and tariff revenues would more than cover the costs of making Trump’s first-term tax cuts permanent.
The report comes as the administration tries to allay the concerns of some Republican senators after multiple independent forecasters warned the legislation will exacerbate the country’s already swollen debt pile.
The bill is “extremely powerful and we expect it to not only create an economic boom . . . but also to restore fiscal sanity and bring the deficit…
