GOP’S list of economists backing tax cut includes ghosts, office assstants, ex-felons, and a sprinkling of real economists

The following article by Lee Fang was posted on the Intercept website December 1, 2017:

President Donald Trump walks with House Speaker Paul Ryan, November 2017. Credit: AP/Jacquelyn Martin

TOUTING SUPPORT FOR their tax cut legislation, House Speaker Paul Ryan, R-Wis., the Senate Finance Committee, and Sen. Rob Portman, R-Ohio, released a letter this week signed by 137 economists who say they strongly endorse the Republican legislation before Congress. President Donald Trump on Friday afternoon tweeted a short video featuring the list of 137 economists.

“Economic growth will accelerate if the Tax Cuts and Jobs Act passes, leading to more jobs, higher wages, and a better standard of living for the American people,” reads the letter, which was organized by the RATE Coalition, a corporate advocacy group that is lobbying in support of the bill.

But a review of the economists listed on the letter reveals a number of discrepancies, including economists that are supposedly still academics but are actually retired, and others who have never been employed as economists. One might not even exist. Continue reading “GOP’S list of economists backing tax cut includes ghosts, office assstants, ex-felons, and a sprinkling of real economists”