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Publication Date: November 2007
Publisher: Center on Budget and Policy Priorities (Washington, D.C.)
Author(s): Robert Greenstein; Aviva Aron-Dine
Research Area: Banking and finance
Keywords: Economic projections; Federal budget
Type: Report
Abstract:
In a November 8 press release, Ways and Means Committee Ranking Member Jim McCrery claimed that new estimates from the nonpartisan, highly respected Joint Committee on Taxation (JCT) show that Ways and Means Committee Chairman Charles Rangel’s recently-introduced tax reform bill would raise taxes on 113 million households. The claim is false; the JCT found nothing of the sort. Unfortunately, some media outlets have taken the press release at face value and reported the deception as fact.