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Report By South Coast Economists On U.S., State Picture More Optimistic After Passage Of Tax Bill

A new report by economists at a South Coast university says the just approved Republican tax bill will increase economic growth.

Economists with California Lutheran University’s Center for Economic Research and Forecasting say they see more improvement in the U.S. economy than had been previously projected. They are anticipating average growth of 2.2% over the next eight quarters.

The CERF report thinks the bill could mean higher wages for workers. The report says the state economy will perform slightly better than the national economy, but not by much. CLU is the parent of KCLU Radio.

Lance Orozco has been News Director of KCLU since 2001, providing award-winning coverage of some of the biggest news events in the region, including the Thomas and Woolsey brush fires, the deadly Montecito debris flow, the Borderline Bar and Grill attack, and Ronald Reagan's funeral.