Treasury Secretary Steve Mnuchin has claimed from Day One that the Trump tax cuts will pay for themselves with a healthy dose of economic growth. “Not only will this tax plan pay for itself, but it will pay down debt,” he said in September. For almost as long, he has promised that his tax analysts would produce a detailed analysis that backed up that claim.
Mnuchin said he had more than 100 analysts working on the report, which would be released before Congress voted. But as the tax bill was unveiled, details were hashed out in the House and Senate, and votes took place, tax wonks questioned whether the report would ever come out. As it turns out, The New York Times found out that nobody in the Treasury's Office of Tax Policy—which is in charge of economic forecasting—was even working on any such analysis.
Read Full Article »