Tax bill runs risk of overheating an already revved-up economy, analysts warn

For President Trump and Republican lawmakers, economic prospects may never look better than today.

The economy is poised for what most analysts expect to be the best performance in years - a rare moment of synchronized global growth that has been lifting U.S. manufacturing and demand at home.

Mere anticipation of the Republican tax plan, which won final approval on Wednesday, has given a "Trump bump" to stock prices and business confidence.

"If we can't sell this to the American people, we ought to go into another line of work," Senate Majority Leader Mitch McConnell of Kentucky told reporters