Economists See GOP Tax Plan Producing Growth Spurt, But Split Over Long-Term Effect

The Republican plan to overhaul the U.S. tax code would likely lift economic growth in the short term, economists say, but they are split over whether the boost would last longer than a few years.

An overwhelming majority of forecasters in The Wall Street Journal’s monthly survey of economists said the GOP tax plan unveiled last month would, if implemented, raise the growth rate for U.S. gross domestic product over the next two years. Some 60% saw a modest lift to output compared with its current trend, while 27% said the...

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