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Treasury Admits Tax Plan Won’t Pay for Itself

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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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About Political Wire

goddard-bw-snapshotTaegan Goddard is the founder of Political Wire, one of the earliest and most influential political web sites. He also runs Political Job Hunt, Electoral Vote Map and the Political Dictionary.

Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.

Goddard is also co-author of You Won - Now What? (Scribner, 1998), a political management book hailed by prominent journalists and politicians from both parties. In addition, Goddard's essays on politics and public policy have appeared in dozens of newspapers across the country.

Goddard earned degrees from Vassar College and Harvard University. He lives in New York with his wife and three sons.

Goddard is the owner of Goddard Media LLC.

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