One Chart Shows How the Trump Tax Plan Will Totally Pay For Itself

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Here’s the first quick-and-dirty estimate of how much Donald Trump’s tax plan would cost. It comes from the Committee for a Responsible Federal Budget:

Oh please. This is a ridiculously pessimistic estimate because CRFB doesn’t account for the economic growth this tax plan will unleash. They estimate that productivity would need to grow 3.8 percent per year to make Trump’s plan pay for itself, something they scoff at. But that’s well within reason:

I don’t see a problem with that. Do you? Yes? That’s probably because you don’t believe in the power of the white American worker. That’s why you lefties lost the election.

Perhaps you sense that I’m taking this less than seriously. Guilty as charged. But if Trump himself doesn’t take his plans seriously, why should I?1

1Also, the eagle-eyed might have noticed that although the 1-page tax plan summary we got today was very similar to Trump’s campaign document, one thing was left out: it no longer claims to be revenue neutral. Funny how that works.

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Fact:

In-depth journalism that investigates the powerful takes real money and is so damn important right now.But it doesn’t take a Mother Jones investigation to know that billionaires and corporations will never fund the type of reporting (like they do politicians) we do that exists to help bring about change. Instead, our mission-driven journalism is made possible by people power, and has been for 46 years now since our founding as a non-profit.

In “TITLE TK” Monica Bauerlein writes about the perilous moment we’re in, and why it’s so important that we raise $325,000 by the time November’s midterms are decided so we can be ready to throw everything we have at the big issues facing the nation no matter what happens. Please help MoJo’s people-powered journalism with a donation today.

$400,000 to go!

payment methods

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