Trump budget’s forecast for deficit cuts assumes greater-than-expected economic growth and overlooks potential tax-law changes, experts say
WASHINGTON—The Trump administration’s proposed budget projects federal deficits would be cut in half as a share of the economy by 2024, and in half again by 2029. While White House officials say they are serious about fulfilling President Trump’s promise to reduce swelling deficits, budget experts say the projections are built on questionable assumptions.
The $4.8 trillion budget for fiscal 2021, released Monday, assumes that economic growth will be stronger than most forecasters project. To hit its targets, the budget excludes...
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