Treasury Analysis Confirms Trump Tax Plan Would Be Deficit Disaster
GOP’s main talking point is false, U.S. Treasury Department analysis finds.
The Republican tax cuts won’t pay for themselves, the U.S. Treasury Department confirmed Monday.
The Treasury released its official analysis of the Republican tax bill Monday and it contradicts a main GOP talking point.
Republicans have long said that the massive tax cuts they plan to give the wealthy would pay for themselves through economic growth. But the U.S. Treasury Department analysis found that is not true.
The report acknowledges that the Trump tax plan will not pay for itself despite repeated assurances by Treasury Secretary Steve Mnuchin that it would.
