Connect with us

NEWS

WATCH: Fox Host Can’t Handle Basic Math As Guests Tears Trump’s Tax Plan To Shreds

A Fox News panel discussion about President Donald Trump’s tax cut plan descended into a shouting match on Wednesday after a guest grew disgusted with Fox host Melissa Francis’s rejection of basic math in her defense of the proposal.

While debating the Republican Party’s proposed tax cuts, New Policy Institute founder Simon Rosenberg referenced an analysis showing that, over time, many middle-class families would pay more in taxes thanks to the GOP’s efforts to cut tax credits for adoptions, state and local taxes, and medical expenses, among other things.

“Over time, a majority of middle-class people will be paying more in taxes rather than less,” he said, referring to a New York Times analysis showing that 45 percent of middle-class taxpayers would pay more in taxes under the GOP’s plan by 2026 than they would pay under current laws.

“No, no, I don’t accept that math,” interjected Francis. “It’s static analysis, and I don’t accept static analysis. I only agree with dynamic analysis, because when you cut, the economy’s going to grow.”

Static analysis is the method that the Congressional Budget Office uses to calculate projected effects of economic policies, and that makes estimates on policies strictly by the arithmetic of the proposals.

Dynamic analysis, in contrast, is a tactic favored by conservative think tanks who insist that any analysis of tax cuts must account for the purportedly explosive growth in economic activity that they will produce — even though the tax cuts enacted by Republicans last decade showed that such cuts do not automatically trigger economic growth.

As reported by the New York Times, Republicans in Kansas implemented a tax plan similar to Trump’s and it failed spectacularly.

“In 2012, Kansas lawmakers, led by Gov. Sam Brownback, a Republican, enacted a tax cut that eliminated state income taxes entirely for pass-through entities — such as sole proprietorships and limited liability partnerships — which are taxed at the owner’s individual income tax rate. The law also lowered individual income tax rates, cutting the top rate to 4.9 percent from 6.4 percent.

The tax package reduced state revenue by nearly $700 million a year, a drop of about 8 percent, from 2013 through 2016, according to the Kansas Legislative Research Department, forcing officials to shorten school calendars, delay highway repairs and reduce aid to the poor. Research suggests the package did not stimulate the economy, certainly not enough to pay for the tax cut. This year, legislators passed a bill to largely rescind the law, saying it had not worked as intended.”

At the end of the segment, Rosenberg expressed his disdain for Francis’s rejection of the standard means of scoring tax bills by saying it was the last time he would appear on her show.

“I’m not coming back on the show ever again,” he said. “Thank you.”

Watch the video below:


Don't miss the latest Political Digs. Sign up for our daily email:


Click to comment
Advertisement
Advertisement

More in NEWS