Team Trump said Thursday that the administration’s tax plan would generate so much economic growth that it would significantly lower the deficit — but some major banks took a skeptical view of that rosy outlook.

“We think there will be $2 trillion of growth. So we think this tax plan will cut down the deficits by a trillion dollars,” Treasury Secretary Steve Mnuchin said on Fox Business Network.

But the Center for a Responsible Federal Budget has estimated the GOP’s plan would add $2.2 trillion to the deficit.

And Bank of America didn’t see anything in the tax plan that would change its economic outlook, according to a report in Business Insider.

With Wires