37 Out Of 37 Economists Now Agree That Donald Trump’s Economic Plan Is Pure Fantasy

Republicans will say anything to cut their own taxes. Donald Trump has repeated common conservative claims that tax cuts will pay for themselves to justify his planned tax cut for billionaires such as himself. The University of Chicago’s Booth School of Business had a survey of economists last week in which 35 out of 37 disagreed with Trump’ s tax plan. It now turns out that the two economists who appeared to support Trump’s tax plan had misread the question. Wonkblog reports:

“I screwed up on that one,” said one of those two economists, Kenneth Judd, when asked about his response to Trump’s tax claim. “I meant to say that this is a horrible idea, a bad idea — no chance in hell.”

The other respondent who said that Trump’s tax cuts would pay for themselves was Bengt Holmström of the Massachusetts Institute of Technology, who confirmed in an email to The Washington Post that he had also misread the question…

In total, there is not one economist in the Chicago poll who believes that Trump’s cuts would pay for themselves, suggesting his administration might not be able to deliver on a crucial promise.

Above graph from The Committee For A Responsible Federal Budget.

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