Even Dynamic Scoring Shows Tax Reform Will Cost Hundreds of Billions. That's Not Revenue-Neutral!

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The Committee for a Responsible Federal Budget (CRFB) compares various revenue impact estimates of the House GOP tax reform blueprint, and finds that even the most optimistic analysis, utilizing dynamic scoring methods, predicts a $200 billion reduction in revenue over a 10-year period. The CRFB notes that the optimistic Tax Foundation model differs from the various models used by official scoring offices including the Congressional Budget Office (CBO) and Joint Committee on Taxation (JCT), "in part because [the Tax Foundation] does not account for the economic cost of high debt." So that $200 billion dollar estimate, even if one agrees with its optimistic assumptions and use of dynamic scoring, is still too low. At this point it is simply unreasonable to believe that if the current GOP House Blueprint were carried out, it's cost would be any less than $200,000,000,000 in first the decade following reform. 

 

How Much Does the House GOP Tax Plan Cost?

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