The Missing Treasury Analysis of the Republican Tax Plan Has Finally Been Released

Good news! Treasury Secretary Steve Mnuchin has promised repeatedly that the Republican tax plan would pay for itself and that he has hundreds of analysts “working around the clock on running scenarios for us.” Naysayers scoffed, wondering where this analysis was. Well scoff no more. He released it today. Here’s the first page:

Wait. Did I say “first page”? What I meant was “whole thing.” That’s right: it’s seven paragraphs long and contains no original analysis at all. It basically says two things:

  • The analysis from the Joint Committee on Taxation is correct.
  • Tax revenue will rise if we assume 2.9 percent economic growth.

Seriously. That’s it. I included the entire plan above so you could check to make sure I’m not exaggerating. There’s literally no analysis at all. The Treasury Inspector General has already promised an investigation into the missing report that hundreds of people were supposedly working on, and after seeing this I really, really want to see what the IG comes up with. The only plausible scenarios are either (a) nobody was ever doing any serious analysis, or (b) they did a serious analysis and the results were too catastrophic to be released.  So instead we got a one-page report cribbing from JCT and explaining that tax revenues will rise if economic growth skyrockets. A tenth grader could have written this.

Welcome to the Trump era, folks.

We've never been very good at being conservative.

And usually, that serves us well in doing the ambitious, hard-hitting journalism that you turn to Mother Jones for. But it also means we can't afford to come up short when it comes to scratching together the funds it takes to keep our team firing on all cylinders, and the truth is, we finished our budgeting cycle on June 30 about $100,000 short of our online goal.

This is no time to come up short. It's time to fight like hell, as our namesake would tell us to do, for a democracy where minority rule cannot impose an extreme agenda, where facts matter, and where accountability has a chance at the polls and in the press. If you value our reporting and you can right now, please help us dig out of the $100,000 hole we're starting our new budgeting cycle in with an always-needed and always-appreciated donation today.

payment methods

We've never been very good at being conservative.

And usually, that serves us well in doing the ambitious, hard-hitting journalism that you turn to Mother Jones for. But it also means we can't afford to come up short when it comes to scratching together the funds it takes to keep our team firing on all cylinders, and the truth is, we finished our budgeting cycle on June 30 about $100,000 short of our online goal.

This is no time to come up short. It's time to fight like hell, as our namesake would tell us to do, for a democracy where minority rule cannot impose an extreme agenda, where facts matter, and where accountability has a chance at the polls and in the press. If you value our reporting and you can right now, please help us dig out of the $100,000 hole we're starting our new budgeting cycle in with an always-needed and always-appreciated donation today.

payment methods

We Recommend

Latest

Sign up for our free newsletter

Subscribe to the Mother Jones Daily to have our top stories delivered directly to your inbox.

Get our award-winning magazine

Save big on a full year of investigations, ideas, and insights.

Subscribe

Support our journalism

Help Mother Jones' reporters dig deep with a tax-deductible donation.

Donate