Tuesday, October 07, 2014

Republicans Eye Forcing CBO To Use Special GOP Math To Justify Tax Cuts

[When reality doesn't fit with your fantasy, make your lie even bigger - you'll suck in even MORE fools. - Bozo]

.BySAHIL KAPUR
PublishedOCTOBER 3, 2014, 1:22 PM EDT
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Top Republicans, eying full control of Congress next year, are considering changing the rules of the budget process so as to make tax cuts appear less harmful to the deficit.
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They want to adopt a method called "dynamic scoring," popular among conservatives since the 1970s, which scores budgets under the controversial assumption that tax cuts generate economic growth and make up for lost revenue - something critics have likened to "fairy dust." The nonpartisan Congressional Budget Office, the official scorekeeper, does not use the method, but Republicans, and even some conservative Democrats, want it to.
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House Budget Committee Chair Paul Ryan (R-WI), who expects to chair the tax-writing Ways & Means Committee next year, floated the idea of requiring CBO to use dynamic scoring at a Financial Services Roundtable speech on Sept. 18. Likely next Majority Leader if Republicans can win the Senate, Sen. Mitch McConnell (R-KY) championed the method in a 2013 interview with the National Review. Outside proponents of supply-side economics, such as the Wall Street Journal editorial board, also like the idea.
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