The White House is promising that the "Big Beautiful Bill" will provide a jolt to the economy—but those expectations fail to take into account three direct consequences of the bill that independent analysts believe will sap growth in the long run.
White House press secretary Karoline Leavitt and others in the Trump administration have been touting the White House Council of Economic Advisers' projections showing that the bill will generate 3 percent annual growth. President Donald Trump, as usual, has gone even bigger. Last month, he suggested that the tax bill could grow America's economy by "3, 4, or even 5 times" the current levels—currently pegged at 1.8 percent by the Congressional Budget Office.
Those expectations are well in excess of what serious and independent economists expect.
