Chait: Trump budget relies on 2 Trillion $ Math Error

[ApatheticAustrian]

Trump Budget Based on $2 Trillion Math Error
http://nymag.com/daily/intelligencer/2017/05/trump-budget-based-on-usd2-trillion-math-error.html?mid=twitter_nymag

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[Hermit For Peace]

Trump math. An alternate system of evaluation, based in the imagination.

[Antonio the Sixth]

...amazing.

[American2020]

I have one word for Trump: Incompetence

[○∙◄☻¥tπ[╪AV┼cVê└]

The Bush administration also claimed that cutting taxes increases revenues.

http://www.brendan-nyhan.com/blog/2011/07/bush-white-house-said-tax-cuts-increase-revenue.html

[Santander]

Trump campaigned on the politics of addition. Hillary campaigned on the politics of division.

[Hindsight was 2020]

I have one word for Trump: Incompetence

Seriously forget everything else just make that the issue to run on in 2018 & 2020 because that sums everything going on now: Russia/Comey/Flynn, the Muslim ban losing in court, an the AHCA just pure incompetence

[GeorgiaModerate]

Trump campaigned on the politics of addition. Hillary campaigned on the politics of division.

If that's true, he needs to learn how to add.

[Absentee Voting Ghost of Ruin]

He's using the same math he uses to calculate his net worth.



(What really scares me is that is probably true.)

[ProudModerate2]

Has the CBO confirmed this yet ?
Have they issued their numbers on the trump budget yet ?

[ApatheticAustrian]

Has the CBO confirmed this yet ?
Have they issued their numbers on the trump budget yet ?

besides it being much too early for that, can the CBO really judge the revenue increase of 4 trillion through cutting revenue in a serious way? ;p

[Torie]

The budget guy in the executive branch missed this?  That seems hard to believe. Yes, I believe it of Trump, but not from his bean counters.

[Badger]

The budget guy in the executive branch missed this?  That seems hard to believe. Yes, I believe it of Trump, but not from his bean counters.

Torie, knowing everything everything we do about Trump and his being more reliant on yes men than literally any human being on the planet, why should the jettisoning of all truth in any calculations coming out of the White House be remotely surprising? 

[🐒Gods of Prosperity🔱🐲💸]

"Error" implies this was a mistake and not just the most shameless example yet of a kind of double counting that happens very often in DC.

[Brittain33]

The budget guy in the executive branch missed this?  That seems hard to believe. Yes, I believe it of Trump, but not from his bean counters.

Mick Mulvaney is an ideas guy, not a bean counter.

[Badger]

"Error" implies this was a mistake and not just the most shameless example yet of a kind of double counting that happens very often in DC.

There have been countless Rosie projections for budgets in Washington, sure. Mostly along the lines of projecting particularly and not altogether realistic economic growth to artificially increased Revenue, particularly when coupled with tax cuts that will supposedly stimulate the economy. This however is entirely on a new plane where it is absolute complete double Counting. It is the mathematical equivalent of saying two plus two equals 6 buy double counting the first two. It's unprecedented and it's grotesque dishonesty and disdain for the American public in their ability to see what's going on

[🐒Gods of Prosperity🔱🐲💸]

"Error" implies this was a mistake and not just the most shameless example yet of a kind of double counting that happens very often in DC.

There have been countless Rosie projections for budgets in Washington, sure. Mostly along the lines of projecting particularly and not altogether realistic economic growth to artificially increased Revenue, particularly when coupled with tax cuts that will supposedly stimulate the economy. This however is entirely on a new plane where it is absolute complete double Counting. It is the mathematical equivalent of saying two plus two equals 6 buy double counting the first two. It's unprecedented and it's grotesque dishonesty and disdain for the American public in their ability to see what's going on

lol double counting is not unprecedented.  only usually it's just hundreds of billions of dollars.

[TheSaint250]

The Bush administration also claimed that cutting taxes increases revenues.

http://www.brendan-nyhan.com/blog/2011/07/bush-white-house-said-tax-cuts-increase-revenue.html

https://www.forbes.com/sites/mikepatton/2012/10/15/do-tax-cuts-increase-government-revenue/#4f85545b4bf2

[GeorgiaModerate]

The Bush administration also claimed that cutting taxes increases revenues.

http://www.brendan-nyhan.com/blog/2011/07/bush-white-house-said-tax-cuts-increase-revenue.html

https://www.forbes.com/sites/mikepatton/2012/10/15/do-tax-cuts-increase-government-revenue/#4f85545b4bf2

For an opposing viewpoint...

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ETA: The author is the head of the Accounting Department and holds the Frank M. Burke Chair in Taxation at Texas Tech University: https://www.depts.ttu.edu/rawlsbusiness/people/faculty/accounting/robert-ricketts/

[Badger]

The Bush administration also claimed that cutting taxes increases revenues.

http://www.brendan-nyhan.com/blog/2011/07/bush-white-house-said-tax-cuts-increase-revenue.html

https://www.forbes.com/sites/mikepatton/2012/10/15/do-tax-cuts-increase-government-revenue/#4f85545b4bf2

For an opposing viewpoint...

You must be logged in to read this quote.

ETA: The author is the head of the Accounting Department and holds the Frank M. Burke Chair in Taxation at Texas Tech University: https://www.depts.ttu.edu/rawlsbusiness/people/faculty/accounting/robert-ricketts/

And Forbes is basically a supply-side rag. Nuff said.

[Badger]

"Error" implies this was a mistake and not just the most shameless example yet of a kind of double counting that happens very often in DC.

There have been countless Rosie projections for budgets in Washington, sure. Mostly along the lines of projecting particularly and not altogether realistic economic growth to artificially increased Revenue, particularly when coupled with tax cuts that will supposedly stimulate the economy. This however is entirely on a new plane where it is absolute complete double Counting. It is the mathematical equivalent of saying two plus two equals 6 buy double counting the first two. It's unprecedented and it's grotesque dishonesty and disdain for the American public in their ability to see what's going on

lol double counting is not unprecedented.  only usually it's just hundreds of billions of dollars.

No, there have been plenty of examples of inflating the revenue effects of tax cuts or revenue projections in general, but find one legit example of bona-fide double counting.

One can't play the "everyone does it" to excuse Trump. It's a whole new level of cheating.