November 30, 2017

New York Times: Ahead of Vote, Promised Treasury Analysis of Tax Bill Proves Elusive

WASHINGTON - In pitching the $1.5 trillion tax overhaul, Steven Mnuchin, the Treasury secretary, has said repeatedly that the plan will pay for itself through a surge of economic growth and that over 100 people in Treasury are "working around the clock on running scenarios for us."

Mr. Mnuchin has promised that Treasury will release its analysis in full. Yet, as the full Senate prepares to vote on a sweeping tax rewrite, the administration has yet to produce the type of economic analysis that it is citing as a reason to pass the tax cut.


On Thursday, the Treasury's inspector general said it was opening an inquiry into the department's analysis of the tax plan. The inquiry was in response to a request from Senator Elizabeth Warren, Democrat of Massachusetts, who called for the inspector general to investigate political meddling in the tax policy office after The New York Times reported on the lack of a Treasury analysis.

"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," Ms. Warren wrote in a letter to the agency's watchdog. "I am deeply concerned about either possibility."

Read more on the New York Times' website here.