Treasury Admits Tax Plan Won’t Pay for Itself

The U.S. Treasury Department released a one-page analysis of the GOP’s proposed tax reform plan.

Dan Primack: “The report claims the tax plan would be revenue neutral, acknowledges that the tax plan will not pay for itself via increased economic growth, despite Treasury Secretary Steve Mnuchin having regularly made such a claim… A single page feels pretty skimpy for an analysis that is supposed to help justify the most significant tax code changes since 1986.”

Matthew Yglesias: “The administration’s analysis claims, basically, that the tax cuts would pay for themselves if and only if they are paired with a bunch of other ideas congress already rejected.”

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