Drudge Retort: The Other Side of the News
Thursday, November 30, 2017

Treasury Secretary Steven Mnuchin has been citing a report that he says, once released, will show the GOP tax plan will pay for itself with economic growth. But that report doesn't exist, according to an economist in the Treasury office supposedly drafting models on the impact, the NYT reports.

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Republicans Say the $1.5 Trillion Tax Bill Pays For Itself, but Experts Say No. It won't.

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Sarah Sanders says lies don't matter. Especially big, honking lies.

Sociopaths and fascists. As if there's any difference.

#1 | Posted by Zed at 2017-11-30 09:39 PM | Reply

Kyle Griffin‏ @kylegriffin1

Elizabeth Warren says Steve Mnuchun "grossly misled the public," is calling for the Treasury I.G. to investigate whether the department formally analyzed the GOP tax plan and if there was ‘political interference'.
1:10 PM - 30 Nov 2017

Here's more on Warren's call for an investigation:

www.warren.senate.gov

#2 | Posted by Gal_Tuesday at 2017-11-30 09:56 PM | Reply

From Warren's letter:

Secretary Mnuchin has claimed that over 100 people are "working around the clock on running scenarios for us" to show that these corporate tax cuts will pay for themselves. Secretary Mnuchin "has promised that Treasury will release its analysis[.]" Yet as Senate Republicans prepare to vote within the next day on the tax plan, the Department of Treasury has failed to produce any economic analysis supporting Secretary Mnuchin's claims that the cuts will pay for themselves - in fact, they haven't released any formal analysis of the bill's economic impact at all.

According to one treasury economist, Secretary Mnuchin hadn't released an analysis showing that the corporate tax cuts will pay for themselves "because one did not exist. " In fact, many experts in the Treasury's Office of Tax Policy "are not working on the type of detailed analysis" that Secretary Mnuchin has touted. Reports also indicate that the "career employees have been largely shut out of the process," and that political appointees have been working to conduct such analyses.

Either the Treasury Department has used extensive taxpayer funds to conduct economic analyses that it refuses to release because those analyses would contradict the Treasury Secretary's claims, or Secretary Mnuchin has grossly misled the public about the extent of the Treasury Department's analysis. I am deeply concerned about either possibility.

www.warren.senate.gov

Lies, lies and more lies, but what does it matter if no one holds them accountable?

Hey Elizabeth, Bernie, Progressives, Democrats and Independents: You say you want a revolution? Well, now is the time. We should be taking to the streets en masse in protest.

#3 | Posted by Gal_Tuesday at 2017-11-30 10:05 PM | Reply

"over 100 people are "working around the clock on running scenarios for us"
"the Department of Treasury has failed to produce any economic analysis supporting Secretary Mnuchin's claims that the cuts will pay for themselves"

Well, give them time. They've only run hundreds of millions of simulations.

#4 | Posted by Danforth at 2017-11-30 11:29 PM | Reply

The GOP plan when it comes to taxes is solely to trickle money up to the 1%.

They don't care if it adds to the debt.

They don't care if the poor and middle class pay more.

They don't care if the social safety net is wiped out in the process.

They don't care if people lose their health insurance, get sick and die.

They don't care if it creates jobs.

They don't care if raises wages.

They only care about taking care of the 1%.

They are pure scum.

#5 | Posted by 726 at 2017-12-01 06:53 AM | Reply | Newsworthy 2

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