Sign up for our daily briefing
Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.
Stay on top of the latest market trends
Subscribe to Axios Markets for the latest market trends and economic insights. Sign up for free.
Sports news worthy of your time
Binge on the stats and stories that drive the sports world with Axios Sports. Sign up for free.
Tech news worthy of your time
Get our smart take on technology from the Valley and D.C. with Axios Login. Sign up for free.
Get the inside stories
Get an insider's guide to the new White House with Axios Sneak Peek. Sign up for free.
Catch up on coronavirus stories and special reports, curated by Mike Allen everyday
Catch up on coronavirus stories and special reports, curated by Mike Allen everyday
Want a daily digest of the top Denver news?
Get a daily digest of the most important stories affecting your hometown with Axios Denver
Want a daily digest of the top Des Moines news?
Get a daily digest of the most important stories affecting your hometown with Axios Des Moines
Want a daily digest of the top Twin Cities news?
Get a daily digest of the most important stories affecting your hometown with Axios Twin Cities
Want a daily digest of the top Tampa Bay news?
Get a daily digest of the most important stories affecting your hometown with Axios Tampa Bay
Want a daily digest of the top Charlotte news?
Get a daily digest of the most important stories affecting your hometown with Axios Charlotte
U.S. Treasury Sec. Steve Mnuchin. Photo by Alex Wong/Getty Images
The U.S. Treasury Department today released a one-page analysis of the GOP's proposed tax reform plan.
Bottom line: The report acknowledges that the tax plan will not pay for itself via increased economic growth, despite Treasury Secretary Steve Mnuchin having regularly made such a claim. Instead, getting into the black would require both the tax plan and "a combination of regulatory reform, infrastructure development, and welfare reform."
Moreover, the analysis uses the White House's previous economic growth estimates (made before the tax plan was written) and works its way backwards into the math, rather than analyzing how the actual tax plan would affect economic growth.
Backstory: Mnuchin spent months talking about a detailed Treasury analysis of the GOP tax plans, but the NY Times reported in late November that no such analysis actually existed.
Today's release is an apparent remedy, although a single page feels pretty skimpy for an analysis that is supposed to help justify the most significant tax code changes since 1986.