NEW: Brown and Warren Debate Jobs Study’s Validity
Thursday, July 19, 2012
An Ernst and Young Study recently reported that several Warren-endorsed small business tax hikes would erase 700,000 jobs nationally. When asked about the study, Warren was skeptical.
"They're just wrong," Warren said. "They just made up their numbers."
The Brown campaign fired back at Warren, claiming the Harvard professor showed a shocking indifference to a respected study.
"For Elizabeth Warren to show such cold indifference and dismissiveness to the deep anxieties of the nation's leading small business organizations, without even the slightest bit of concern that her policies will put 700,000 people out of work, is shocking," Jim Barnett, campaign manager for Scott Brown, said. "This elitist attitude and close-minded ideology is the last thing we need in Washington at a time when we ought to be working together to put people back to work and grow our economy."
Still, the White House also has its doubts about the Ernst and Young study. A recent White House Blog entry claims that the Ernst and Young report, done by a former George W. Bush appointee, omitted key proposals by the president and employed false assumptions that are at odds with respected independent analysts, such as the Congressional Budget Office.
The blog quotes Jason Furman, Principal Deputy Director of the National Economic Council, who claimed the Ernst and Young Study "fallaciously assumes that the tax cuts are used to finance additional spending," and "leaves out the President's proposed new tax cuts for hiring and investment."
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