Monday Smackdown: Treasury Document Translation: Steve Mnuchin Is Not a Professional Treasury Secretary. He and His Personal Staff Are Grifters
The U.S. Treasury's Office of Tax Policy (OTP) and Office of Tax Analysis (OTA) agree with the Congress's Joint Committee on Taxation (JCT) that the Republican Senate tax "reform" bill as written will raise the debt by 1.5 trillion dollars over the next decade, and boost growth by 0.08% per year
OTP does not believe that growth will be 2.9% per year over the next decade.
If growth were to be boosted from the baseline 2.2% per year over the next decade to 2.9% as a result of the tax "reform", it would pay for itself. But it won't.
No office in the Treasury Department is willing to go on record as having written this one-page document.
No official in the Treasury Department is willing to go on record as having written this one-page document.
Not even Steven Mnuchin has put his name on this one-page document.
Shame on all Republican economists who have enabled or are currently enabling this farce...