Excerpts from the article:

Why This Matters: Dynamic scoring of federal tax and budget bills could well make it easier for Republicans to justify large tax cuts next year. But many economists worry that inaccuracies in the modeling of macroeconomic effects could result in economically damaging fiscal policy.

“The thinking, commonly called “trickle-down” economics, is that by reducing the tax burden on businesses and individuals, more money will be put to work in the economy, generating increased tax revenue and ultimately replacing some, or even all, of the revenue lost to the tax cuts.”

“Elected officials can’t strengthen the economy if they don’t even know how their decisions affect the economy,” wrote incoming House Ways and Means Committee Chairman Paul Ryan (R-WI), who has long advocated the use of dynamic scoring.”



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Come Cruise with Thom Hartmann in July 2020

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"The Saddest Thing Is This Won't Be Breaking News"

Thom plus logo As the world burns, and more and more fossil fuels are being used every day planet-wide, atmospheric carbon dioxide levels passed 416 ppm this week at the Mauna Loa Observatory in Hawaii. In the 300,000 years since the emergence of modern humans, carbon dioxide levels have never been this high.