Immigration Restrictions and Tax Cuts Are Set to Make Americans Wealthier
The Congressional Budget Office (CBO) quietly dropped some good economic news on Friday, although you wouldn’t know it from the financial press.
The nonpartisan agency now expects the economy to be larger through 2028 than it projected in January, largely thanks to the One Big Beautiful Act.
It’s not a totally smooth road to higher growth. The CBO thinks the economy will see just 1.4 percent growth in 2025, down from an earlier estimate of 1.9 percent the CBO forecast in January, as tariffs temporarily dampen consumer spending and business investment. But GDP growth is projected to reach 2.2 percent in 2026, up from the 1.8 percent in the January forecast. By
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