Top tax economist says the GOP bill is ‘crazy and stupid’
- Martin Sullivan, an economist and longtime federal tax analyst, told Business Insider the GOP tax bill is “crazy” and “stupid.”
- Sullivan said the rushed process Republicans are using to try to pass the bill wasteful and could hurt the legislation in the long-run.
- He said that the bill is unlikely to produce substantial economic gains.
Marty Sullivan, the chief economist at tax researcher Tax Analysts, says he is normally reserved about policy. But he is making an exception for the Tax Cuts and Jobs Act (TCJA), the Republican tax legislation currently on a warpath through the GOP-controlled Senate.
“I’m usually pretty