Tax Foundation Overstates Reform Growth, Report Says

Law360, New York (November 9, 2017, 7:01 PM EST) -- The Tax Foundation’s analysis of the Tax Cuts and Jobs Act, which asserted the plan would lead to a 3.9 percent increase in the nation’s gross domestic product over the long term, contained serious flaws that, if corrected, would slash the foundation’s growth projections in half, a research organization said Thursday.

The Washington Center for Equitable Growth, a nonprofit, nonpartisan organization focused on inequality and economic growth, issued a critique that, while concededly limited in scope, found the foundation’s evaluation of the interaction between federal and...
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