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Monday, January 05, 2015

'Do Tax Cuts Partly Pay for Themselves?'

Me, at MoneyWatch, on the Republican's effort to institute dynamic scoring:

Do tax cuts partly pay for themselves?: Now that Republicans have taken control of the House and Senate, they are pushing to change how the Congressional Budget Office (CBO) and the Joint Tax Committee (JTC) evaluate tax legislation.
The effort is being made on two fronts. The first is an attempt by many Republicans to replace the director of the CBO, Doug Elmendorf, with someone more sympathetic to a new approach to evaluating the budgetary impact of proposed legislation. The second is a push from Rep. Paul Ryan, R-Wisconsin, who will take over as chair of the to the Ways and Mean Committee in January, to implement a new rule that would require the CBO and JCT to implement the alternative approach.
At issue is what is known as "dynamic scoring." ...

[I should note that this was written before this appeared.]

    Posted by on Monday, January 5, 2015 at 08:35 AM in Economics, Politics, Taxes | Permalink  Comments (42)


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