Speaking of distortion, nearly every news story on the Trump tax cut cites attacks by the Committee for a Responsible Federal Budget.
CRFB trashed the tax cut as “the most expensive, dishonest and reckless budget bill ever.”
We wonder how it’s dishonest to prevent the biggest tax increase in American history. Their bizarro math says that this giant $4 trillion tax bomb they wanted to detonate on the economy next year wouldn’t hurt the economy!
Speaking of dishonesty, we just want to remind folks that the “deficit hawks” at CRFB ENDORSED the Biden Inflation Acceleration Act /Green New Deal. They drank the Biden Kook-aid that this would reduce the deficit by more than $100 billion.
Instead, a new study by the Cato Institute estimates that after just two years, that law’s green giveaways were on tap to cost between $936 billion and $2 trillion over the next 10 years, and between $2 trillion and $5 trillion by 2050.
The Trump tax bill thankfully REPEALS most of those green energy boondoggles and CRFB is against that!
It’s a free country and advocacy groups can say and do what they want. But CRFB has become the leading voice against supply side economic policies and it masquerades as a “bipartisan” group.