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Business Economists Expect Modest Boost from Tax Cuts

Business Economists Expect Modest Boost from Tax Cuts

PAUL WISEMAN, AP Economics Writer
December 04, 2017 02:19 PM

WASHINGTON (AP) - Business economists expect a tax overhaul to provide a modest boost to the U.S. economy but are increasingly worried that a rewrite of the North American Free Trade Agreement will take a toll on growth.

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The National Association of Business Economics survey found that forecasters expect tax law changes to add 0.2 percentage points of growth to the U.S. economy next year, down slightly from what they expected in the previous NABE survey in September.

Forty-six percent of panelists believe the renegotiation of NAFTA will do at least some damage to the American economy, up from 27 percent in September. NAFTA has expanded trade between the United States, Mexico and Canada, but President Donald Trump calls it a job-killing disaster and is demanding a better deal.


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PAUL WISEMAN, AP Economics Writer

Copyright 2017 The Associated Press. All rights reserved.

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