- The Trump White House's claim that workers would see large gains from tax cuts rests on dubious assumptions, according to Obama's ex-chief economist
- Jason Furman writes in an opinion piece that the Trump team's analysis assumes broad benefits from the tax cuts that are 'more than far fetched'
- Furman says overall plan 'o
EX-OBAMA ECONOMIST: The Trump team’s claim that tax cuts would boost wages is 'more than a little far-fetched'
Jason Furman, President Barack Obama's former chief economist, takes issue with the White House's claim of a sharp wage boost from corporate tax cuts.
The Trump administration is pitching its tax cut plan as a boon to the middle class even though a wide range of independent analyses shows the proposals outlined so far would overwhelmingly benefit the wealthiest Americans.
That was too bold a claim for Hassett’s predecessor atCouncil of Economic Advisors, Jason Furman, to let it slide. In a Wall Street Journal op-ed, Furman makes a convincing case for why Hassett’s claims rest on some rather dubious assumptions.
Recent @CEA report on corpo... @ Mihir A. Desai
Another problem Furman identifies: Many of the measurements used by Trump’s economists are based on estimates for US states as well as smaller and lower-income countries.