Justin Fox, Columnist

GOP Tax Plan Supporters Cherry-Pick the Facts

A few influential voices seem to have been making persuasive use of favorable information.

Where do you think he gets his news from?

Photographer: Alex Wong/Getty Images
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The expert estimates of how much the House and Senate versions of the Tax Cuts and Jobs Act will cost in lost revenue over the next decade, after the projected economic-growth impacts of the legislation are factored in, range from $516 billion to $1.7 trillion. Yet Senate Majority Leader Mitch McConnell said over the weekend of the Senate bill that "I not only don’t think it will increase the deficit, I think it will be beyond revenue-neutral."

Why would he say something like that? The simplest answer is that he's being cynical and dishonest. But there is another possibility: Maybe he believes what he reads in the opinion pages of the Wall Street Journal!