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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsThe Missing Treasury Analysis of the Republican Tax Plan Has finally Been Released!!
http://www.motherjones.com/kevin-drum/2017/12/the-missing-treasury-analysis-of-the-republican-tax-plan-has-finally-been-released/The Missing Treasury Analysis of the Republican Tax Plan Has finally Been Released
Kevin Drum
Dec. 11, 2017
11:52 AM
Good news! Treasury Secretary Steve Mnuchin has promised repeatedly that the Republican tax plan would pay for itself and that he has hundreds of analysts working around the clock on running scenarios for us. Naysayers scoffed, wondering where this analysis was. Well scoff no more. He released it today. Heres the first page:
Wait. Did I say first page? What I meant was whole thing. Thats right: its seven paragraphs long and contains no original analysis at all. It basically says two things:
The analysis from the Joint Committee on Taxation is correct.
Tax revenue will rise if we assume 2.9 percent economic growth.
Seriously. Thats it. I included the entire plan above so you could check to make sure Im not exaggerating. Theres literally no analysis at all. The Treasury Inspector General has already promised an investigation into the missing analysis, and after seeing this I really, really want to see what the IG comes up with. The only plausible scenarios are either (a) nobody was ever doing any serious analysis, or (b) they did a serious analysis and the results were too catastophic to be released. So instead we got a one-page report cribbing from JCT and explaining that tax revenues will rise if economic growth skyrockets. A tenth grader could have written this.
Welcome to the Trump era, folks.
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The Missing Treasury Analysis of the Republican Tax Plan Has finally Been Released!! (Original Post)
babylonsister
Dec 2017
OP
Reminiscent of Totalitarian Russia - the five year plan is ahead of schedule!
Thomas Hurt
Dec 2017
#2
No details are needed comrade! Minister Munchen has spoken. Now, where do you live?
Fred Sanders
Dec 2017
#5
And if NOT near 3% GDP growth for 10 years straight the debt will balloon like Trump's ego.
Fred Sanders
Dec 2017
#4
democratisphere
(17,235 posts)1. More f'ing smoke and mirrors.
Corruption at it's finest from Mnuchin.
Thomas Hurt
(13,903 posts)2. Reminiscent of Totalitarian Russia - the five year plan is ahead of schedule!
Last edited Mon Dec 11, 2017, 03:24 PM - Edit history (1)
Fred Sanders
(23,946 posts)5. No details are needed comrade! Minister Munchen has spoken. Now, where do you live?
ProfessorGAC
(65,076 posts)3. That Was Circular Gibberish
It basically says the plan will work as intended as long as it works as intended! Well, duh! That's true of everything!
Fred Sanders
(23,946 posts)4. And if NOT near 3% GDP growth for 10 years straight the debt will balloon like Trump's ego.