Live from the Roasterie: Grifters Keep Grifting:

James Kwak: New Heights of Preposterousness: “I haven’t been commenting on Republican tax plans this season because…

…well, it takes a lot to impress me when it comes to absurd tax cut proposals. Ted Cruz has done it…. It eliminates an enormous amount of tax revenue: $3.6 trillion over ten years, according to the right-wing Tax Foundation’s “static” analysis — that is, before the growth fairy waves her magic wand…. That’s more than we plan to spend on the military over the next ten years. The second is the astonishingly naked handout to the very rich:
“60% of the tax cut goes to the top 1%.”
That leaves only 40% for everyone else. This number is so embarrassing that you won’t find it in the Tax Foundation’s analysis…