Are JCT’s Tax Burden Tables Flawed?
One of the more bizarre tax policy moments this year was the Chairman of the Senate Finance Committee calling the distributional tables produced by the Joint Committee on Taxation (JCT) “junk math.”
Why bizarre? Well, for starters, Wyden is the Chairman of the JCT. Those estimates were being produced under his leadership, in preparation for a hearing he chaired. Far more importantly, there is nothing “junk” about them. The JCT has been producing similar tables using the same methodology for decades, as has Treasury, the Tax Policy Center, and others.
So why attack his own staff? To …
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