Monday, December 11, 2017

About that tax plan

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

Bottom line: The report 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. Instead, getting into the black would require both the tax plan and "a combination of regulatory reform, infrastructure development, and welfare reform."

[...]

Mnuchin spent months talking about a detailed Treasury analysis of the GOP tax plans, but the NY Times reported in late November that no such analysis actually existed.

Today's release is an apparent remedy, although a single page feels pretty skimpy for an analysis that is supposed to help justify the most significant tax code changes since 1986.

  Axios
What a surprise and Steve Mnuchin is a dick.

I hope you weren't expecting nuanced comments.

...but hey, do what you want...you will anyway.

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