EX-OBAMA ECONOMIST: The Trump team’s claim that tax cuts would boost wages is 'more than a little far-fetched'

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October 23, 2017 7:21 PM

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 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

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.

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