The tax cuts came with a hefty price tag that many Republicans hoped would be offset by stronger growth for years. Economists predict the U.S. economy will cool further in 2020, with growth coming in around 2 percent, but few anticipate a recession. It’s going to be a very sluggish year.”Trump and his fellow Republicans have portrayed the U.S. economy’s performance as “unprecedented,” “historic” and in the “fast lane” after the GOP tax cuts. ADGovernment spending increased markedly during the Trump presidency, boosting economic growth. Trump’s tax cuts and additional funding for the military and domestic programs have pushed the gap wider.

Source: Washington Post January 30, 2020 13:35 UTC