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CBO: Trump's Policies to Stunt Economic Growth Until 2028

9/13/2025

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Summary

Story summary

The Congressional Budget Office (CBO) forecasts minimal economic growth from President Trump's tariff and immigration policies over the next three years.
Both Republican assertions and a left-leaning report deem the GOP megabill ineffective for growth before the 2028 election.
The CBO indicates that Trump's policies will initially slow the economy, negating benefits from the new tax and spending package.
By 2027 and 2028, reduced immigration will harm the labor force, while higher tariffs will slightly increase domestic production.
Overall, real GDP is projected to rise only 0.1% by the end of 2028 compared to previous estimates.

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Story summary

The Congressional Budget Office (CBO) forecasts minimal economic growth from President Trump's tariff and immigration policies over the next three years.
Both Republican assertions and a left-leaning report deem the GOP megabill ineffective for growth before the 2028 election.
The CBO indicates that Trump's policies will initially slow the economy, negating benefits from the new tax and spending package.
By 2027 and 2028, reduced immigration will harm the labor force, while higher tariffs will slightly increase domestic production.
Overall, real GDP is projected to rise only 0.1% by the end of 2028 compared to previous estimates.