4 Big Problems with Treasury’s Report Showing Tax Cuts Pay for Themselves
For months, Treasury Secretary Steven Mnuchin has claimed that the Republican tax plan will more than pay for itself by generating faster economic growth, adding that more than 100 people in his department were “working around the clock” on modeling various estimates of the plan’s effects. Maybe the administration was better off that way. The Treasury Department on Monday released a one-page “analysis” of the Senate tax bill — 470 words, including footnotes, on a roughly 470-page bill — asserting that the Trump administration’s overall economic agenda would generate about $1.8 trillion in additional revenue over 10 years, more than offsetting the roughly $1.5 trillion cost of the tax cuts.
Source:: https://finance.yahoo.com/news/4-big-problems-treasury-report-205716261.html
