Skip to content
Subscriber Only
Politics
Economics

Trump’s Spending Plan Assumes U.S. Growth of 3% Over Decade

  • Updated projections follow tax cuts, federal spending plan
  • U.S. stock market has fallen recently on inflation concerns
Video player cover image
What the Budget Deal Could Mean for the U.S. Economy

President Donald Trump’s budget proposal assumes the U.S. economy will ramp up over the next decade to his goal of 3 percent growth, spurred by his tax cuts and federal spending plan.

Economic growth is projected to climb to 3.2 percent in 2019 and 2020, before easing to 3 percent from 2021 to 2025 and further cooling to 2.8 percent by 2026, according to an administration official who confirmed the figures contained in the White House’s budget proposal to be released Monday.