A reminder ahead of today's GOP tax scam hearing...

GOP Tax Law
Before Republicans try to tell you that their GOP tax scam pays for itself at today’s Ways and Means Committee hearing – the very first hearing on H.R. 1 –  we wanted to remind folks of this op-ed by former Congressional Budget Office Director Douglas Holtz-Eakin, who is testifying today. You can read it in full here, but here are key quotes:
 
“Proposing trillions of dollars in tax cuts and then casually asserting that such a plan would ‘pay for itself with growth,’ as Treasury Secretary Steven Mnuchin said, is detached from empirical reality.”
 
“…Never has a dynamically scored analysis concluded that a proposal would ‘pay for itself with growth,’ and no serious economist would make such a claim.”
 
No matter what Republicans say today, the fact is that the Congressional Budget Office found last month that the tax scam is on track to explode the deficit by $1.8 trillion over the next decade.  
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