The president’s chief economic adviser told the Tax Policy Center to their faces that their analysis was useless.
Kevin Hassett, the chairman of the president’s Council of Economic Advisers, told the Tax Policy Center (TPC) that their study that casts the GOP tax plan in a poor light is “fiction.”
“I think it’s simply inconsistent with mountains of evidence that I’m about to discuss…. It’s inaccurate, I think it’s fiction,” he told the group this week.
Hassett criticized the group for not waiting for the full details of the tax plan and refusing to take economic growth into account. Hassett said:
“I think you’d agree with me that taxes do impact the economy, otherwise neither of your organizations would exist. In other words, taxes matter. They impact the economy. It’s scientifically, I think, indefensible, as the Tax Policy Center report does last Friday, to say that the framework, the tax framework that we’re here to talk about, would have little macroeconomic feedback effect.”
The TPC acted “irresponsibly,” he added.
Commentators have blasted the TPC in the past for liberal bias, and those criticisms only amplified following their report on the GOP plan.
In 2016, The Wall Street Journal hit the organization for failing to take in account macroeconomic changes to economic growth. Meanwhile, Rep. Kevin Brady (R-TX) called their analysis “misleading, unfounded, and biased.”
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