October 28, 2017

NO, WE MEANT WAY MORE DYNAMIC!:

Study: GOP tax plan would cost $2.4 trillion (NIV ELIS, 10/27/17, The Hill)

The Tax Policy Center's initial September analysis of the plan drew fire from some conservatives for not including the effects of economic growth on revenues.

The updated report found almost no difference with growth effects, called dynamic scoring.

"The outline would reduce federal tax revenue by roughly $2.4 [trillion] over the next decade, nearly the same as under conventional scoring," the Tax Policy Center's Howard Gleckman wrote in a blog post on the matter.

In the second decade, the center added, revenues would fall by $3.4 trillion.

There's nothing wrong with not caring about the budget, but Americans would prefer to blow a hole in it to provide health care for everyone than tax cuts.
Posted by at October 28, 2017 6:22 AM

  

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