Republican Tax Plans Cost More -- and Add Less to Growth -- Than Proponents Claim
December 14, 2017
December 14, 2017
WASHINGTON, Dec. 14 -- The Center on Budget & Policy Priorities issued the following news release:
In describing their tax plans, Republican lawmakers have relied on overstated claims of economic growth, fuzzy math, and wishful thinking. As Majority Leader Mitch McConnell stated after passage of the Senate tax plan: "I'm confident this is not only revenue-neutral for the government, but it will be a revenue producer."(1) Such assertions reflect the belief that the tax . . .
In describing their tax plans, Republican lawmakers have relied on overstated claims of economic growth, fuzzy math, and wishful thinking. As Majority Leader Mitch McConnell stated after passage of the Senate tax plan: "I'm confident this is not only revenue-neutral for the government, but it will be a revenue producer."(1) Such assertions reflect the belief that the tax . . .