White House pushes back on 'remarkably low' GDP forecasts for Trump-GOP tax bill
1. Trump administration argues CBO underestimates economic growth from tax legislation. 2. CBO estimates $2.8 trillion budget deficit increase over next decade. 3. Administration expects high productivity and wage growth post-legislation approval. 4. CBO predicts GDP increase of only 0.4% by 2034; others project more. 5. Tax bill aims to enhance capital investment, boosting economic output and job growth.