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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America: Meet Your Overlord Rupert Murdoch...

Thom plus logo The main lesson that we've learned so far from the impeachment hearings is that if Richard Nixon had had a billionaire like Rupert Murdoch with a television network like Fox News behind him, he never would've resigned and America would have continued to be presided over by a criminal.