In response to estimates showing that the policy bill would yield limited growth, administration officials have sought to discredit experts while presenting a more optimistic view of the president’s economic agenda.
Legislation being advanced by Republicans in Congress would substantially increase the tax bills for many foreign companies that operate in the United States, raising more than $100 billion over a decade.
Legislation being advanced by Republicans in Congress would substantially increase the tax bills for many foreign companies that operate in the United States, raising more than $100 billion over a decade.
President Trump’s border crackdown and bid for Canada to become the “51st state” have threatened the relationship between Derby, Vt., and Stanstead, Quebec.
Officials from both sides are meeting on Monday in London, aiming to resolve differences over tariffs and supply chains that have endangered a fragile truce between the countries.
U.S. Treasury Secretary Scott Bessent, right, with He Lifeng, China’s vice premier for economic policy, during bilateral trade talks in Geneva, Switzerland last month.
President Trump and his allies have united around a new foe: the economists and budget experts who have warned about the costs of Republicans’ tax ambitions.
President Trump’s allies were trying to discredit the findings of experts even before the new forecast that their signature legislation would add $2.4 trillion to the federal debt.
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