SHOT: “Every third-party economist that you look at shows that this is gonna be good for Indiana,” [Congressman Rokita] said.” [WIBC, 12/1/17]
CHASER: HEADLINE: “Actual experts confirm that the GOP tax plan is a dud” [Chicago Tribune, 11/28/17]
“Only one expert [polled by the University of Chicago’s Booth School of Business that the GOP plan ‘will result in a substantial increase in the U.S.’ GDP] agreed, while 22 disagreed.” [Chicago Tribune, 11/28/17]
“Thirty-seven of 38 experts surveyed by the University of Chicago’s Initiative on Global Markets agreed that the GOP tax bills in Congress would cause U.S. debt to increase “substantially” faster than the economy. Only one economist… said that he was “uncertain” if the bills would exacerbate America’s debt-to-GDP ratio. But after the survey’s release, [he] said his response had been a mistake, and that he actually agrees with the economists who expect the debt ratio to soar.” [Washington Post, 11/22/17]
“By 2027, people making $40,000 to $50,000 would pay a combined $5.3 billion more in taxes… according to the Joint Committee on Taxation and the Congressional Budget Office.” [New York Times, 11/29/17; Congressional Budget Office; 11/26/17]
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