I think that is the sober analysis.

We are seeing a sugar high right now put on top of an economy that was already doing very well.

They have actually seen a slight decrease in their real wages over the last year.

the Chairman of President Trump's Council of Economic Advisers, Kevin Hassett, made the bizarre claim that somehow the corporate tax cuts were paying for themselves.

Only after Congress passed the bill that JCT published a dynamic score that found that the bill was nowhere close to paying for itself.

I do not think it surprised anybody that, after you do a $2 trillion tax cut, you are going to see some kind of sugar high reaction in the economy.

But just providing sugar highs will not do it.

With the tax cut, as it accelerated, the economy gave a sugar high that all of a sudden regular folks were going to get an increase in their real wages.

And what these numbers tell us is that when it comes to real buying power, people are actually slightly worse off this month compared to this time last year.

the claims that the recent tax cut would pay for itself were pure fantasy.

if you look at the stock of American companies, 35 percent of that stock is currently owned by foreigners.

to the extent that the Republican tax law boosts gross domestic product more than gross national product, it is because some of that income from increased economic activity is flowing to foreigners instead of Americans.

Who has a more transparent open process with respect to what the public knows about how they go about their work, CBO or OMB?

I do not think it is surprising that there is additional revenue coming in.

Mr. Chairman, I think that the public needs to know that, and in the interest of transparency, we will do our best to let them know.

I believe you said the JCT number was $657 billion. Now, that is only additional for the 3-year window. Is that right?

Did you ever get a detailed analysis from the Trump administration with respect to the impact of their tax plan?

$1.8 trillion. And that, if I recall--did that include the interest on the debt?