We May Have Been Too Tough on CBO

We are adamant that the more than $4 trillion revenue loss expected in the Congressional Budget score of the Trump tax plan is preposterously too high. But we were reminded by CBO officials who read the HOTLINE that CBO does not generate the revenue projections.  Those revenue forecasts come from The Joint Committee on Taxation..

Sure enough, the JCT is now run by bean counters who always overestimate the “cost” of cutting taxes.

Time to clean house.

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