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White House economic adviser Milan: Trump policies could reduce deficits by as much as $11 trillion

Internet reports that Milan, chairman of the White House Council of Economic Advisers, said that President Trump's economic policies will reduce the U.S. fiscal deficit by as much as $11 trillion over the next decade. The forecast contrasts sharply with analysts 'view that government debt will reach record highs in the next few years. "We estimate that overall, the president's policy mix will reduce the deficit by approximately $8.5 trillion to $11 trillion over the ten-year budget window," Milan said. Milan believes that about half of the cuts,$3 trillion to $5 trillion, will come from accelerating economic growth, thanks to upcoming Republican tax cuts and deregulation measures. In addition, he also mentioned that Trump's tariff increase brought US$3 trillion in incremental revenue.

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