U.S. Economy Would Be ‘Diminished’ Under Trump’s Economic Plan, New Analysis Says

NEW YORK–(ENEWSPF)–June 20, 2016

By: Nick Timiraos

A new analysis concludes Donald Trump’s economic proposals, taken at face value, could produce a prolonged recession and heavy job losses that would fall hardest on low- and middle-income workers.

The Moody’s Analytics report, which a person close to the Trump campaign strongly disputed, is the first that attempts to quantify the cumulative economic benefits and costs of Mr. Trump’s proposals on taxes, trade, immigration and spending.…