GDP is slated to reach 4% for 2017. Not bad. But could be much better.
President Trump touted the newly released tax bill, as he departed for an overnight trip to Camp David.
Speaking to reporters Saturday, the president says the GOP led tax plan will have a positive impact on the middle class and will be a tool for job creation.
He added businesses will continue to pour back into the country and believed four trillion dollars will come back from overseas.
“It’s going to be one of the great Christmas gifts to middle income people,” Trump said. The Democrats have their sound bite, the standard sound bite before they even know what the bill is all about. They talk about for the wealthy. But this is going to be one of the greatest gifts for the middle income people of this country that they’ve ever gotten for Christmas.”
The president went on to say the economy will be greatly impacted by the tax plan and could see the GDP moving as high as 6 percent.