Trump's tax cuts 'likely to produce short sugar-high of job growth'

New York

PRESIDENT Donald Trump's plan to slash the corporate tax rate may not provide the sustained job growth that he and Republican leaders want, some economists say - that's a point of long-standing and unsettled debate.

But in the short term, a lesser-noticed item in the nine-page framework that Mr Trump and Congress produced Wednesday might provide a quick burst of growth that then dwindles, said economist Alan Viard of the non-partisan American Enterprise Institute. He compared it to a "sugar high".