The White House just released a report that opens a window into the administration's worldview, and why it believes that President Trump's policies are working. Here's what the report contains, from a slam on socialism to touting lower prescription prices.
The White House laid out its case against progressive programs like"Medicare-for-all" and a wealth tax, while touting the projected benefits of its own economic agenda.
The White House said 6 million workers got bonuses after Trump's tax law. It also said venture capital deals were $17 billion higher last year than they would have been without the new law and that U.S. companies repatriated $600 billion in overseas earnings during the first three quarters of 2018. White House economic projections have generally been more optimistic than consensus forecasts from independent organizations. Last week, the administration's budget forecast continued economic growth at a rate of 3 percent or higher over the next five years. That's far rosier than the 2.7 percent the nonpartisan Congressional Budget Office forecast for this year and 1.9 percent for next year.
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