In keeping with this cluster fuck of an administration's one clear policy of LYING, Mnuchin has failed to provide a tax analysis of this ridiculous tax plan. He has touted for months that 100's of people have been working around the clock analyzing the plan. Imagine the GOP's surprise that he has been lying and no report has been completed! Seriously?! You can't make this shit up....what a cluster fuck.
Now, the Treasury Department’s inspector general is examining whether political considerations interfered with Secretary Steven Mnuchin’s promised analysis of the Republican tax proposal. “It’s a top priority,” Rich Delmar, counsel to inspector general Eric Thorson, said Thursday in an email. Delmar said he could not provide a timeframe for when the inquiry would be complete because it would depend on how quickly the department’s official watchdog receives the information and “how complex issues are.”
A new analysis released Thursday by the Joint Committee on Taxation found that the Senate tax bill would generate enough economic growth to lower its $1.4 trillion revenue cost by about $458 billion over a decade. That would leave a 10-year revenue loss of roughly $1 trillion, said the JCT, Congress’s official scorekeeper on tax legislation even after accounting for expected economic growth from the plan.
Mnuchin has promised “complete transparency” about the analysis and the tax plan’s economic benefits. However, in September, the Wall Street Journal reported that Treasury had removed from its website a 2012 research paper that contradicted the Trump administration’s stance on the wage growth expected from a corporate rate tax cut.
Now, the Treasury Department’s inspector general is examining whether political considerations interfered with Secretary Steven Mnuchin’s promised analysis of the Republican tax proposal. “It’s a top priority,” Rich Delmar, counsel to inspector general Eric Thorson, said Thursday in an email. Delmar said he could not provide a timeframe for when the inquiry would be complete because it would depend on how quickly the department’s official watchdog receives the information and “how complex issues are.”
A new analysis released Thursday by the Joint Committee on Taxation found that the Senate tax bill would generate enough economic growth to lower its $1.4 trillion revenue cost by about $458 billion over a decade. That would leave a 10-year revenue loss of roughly $1 trillion, said the JCT, Congress’s official scorekeeper on tax legislation even after accounting for expected economic growth from the plan.
Mnuchin has promised “complete transparency” about the analysis and the tax plan’s economic benefits. However, in September, the Wall Street Journal reported that Treasury had removed from its website a 2012 research paper that contradicted the Trump administration’s stance on the wage growth expected from a corporate rate tax cut.