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Dynamic Changes for Evaluating Budgetary Impact of Proposed Legislation

On January 6, the House adopted rules that require the Congressional Budget Office and the Joint Committee on Taxation to use macroeconomic or “dynamic” scoring in forecasting the budgetary impact of proposed legislation. Under this system, which is a change from the previous “static” scoring methodologies, calculating the forecasted fiscal impact of major legislation will...

Tax Foundation Report Uses “Dynamic Analysis” to Challenge Joint Committee Scoring

On August 27, the Tax Foundation released a “Special Report” challenging the findings of a recent Joint Committee on Taxation (the JCT) report on the estimated revenue losses associated with proposed tax rate changes and highlighting yet again the decades-old debate over dynamic versus static scoring of legislation.  The Special Report’s results were derived using the Tax...

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