Trump administration officials continue to make wildly inaccurate statements about the economic impact of the Republican 2017 tax law. On Wednesday, contrary to all available evidence, Treasury Secretary Steve Mnuchin told the Senate Finance Committee that he stands by previous administration claims that the tax cuts “will pay for themselves.”
“This will be simple math,” Mnuchin testified under oath. “We measure this over 10 years. We got eight years left. I look forward to writing the committee a letter in eight years going through all the exact numbers.”
Mnuchin’s claim, flagged by American Bridge, a progressive opposition research organization, is widely disputed by experts, even experts who tout the benefits of the 2017 law. Continue reading.