Trump’s Budget Sets High Expectations for Economic Growth

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Trump’s Budget Sets High Expectations for Economic Growth
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The White House’s budget projects much stronger growth than many independent forecasters, who see the economy slowing this year

The White House’s budget proposal assumes the U.S. economy will keep expanding as briskly as it did last year, when a tax cut and government spending increase boosted growth, according to a preview of the materials to be released Monday.

The fiscal year 2020 budget projects much stronger growth than many independent forecasters, who see the economy slowing this year as the effects of those fiscal stimulus measures wane. But the Trump administration, which hit its forecasts for 2018, expects that deregulation and changes to...

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