White House economic adviser Milan: Trump policy could cut deficit by as much as $11 trillion
2025-06-25 22:14:26
President Donald Trump's economic policies will reduce the US fiscal deficit by as much as $11 trillion over the next decade, according to the chairperson of the White House Council of Economic Advisers. The forecast contrasts sharply with analysts' view that government debt will reach record highs in the coming years. "We estimate that, overall, the president's policy mix will reduce the deficit by about $8.50 trillion to $11 trillion over the 10-year budget window," said Mr. Milan. About half of the reduction, $3 trillion - $5 trillion, will come from accelerating economic growth, thanks to the upcoming Republican tax cuts and deregulation measures, Mr. Milan said. He also cited $3 trillion in additional revenue from Mr. Trump's tariff increases.
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