According to reports, one of the first acts of the Republican - TopicsExpress



          

According to reports, one of the first acts of the Republican Congress will be to fire Doug Elmendorf, current director of the non-partisan Congressional Budget Office, because he wont use dynamic scoring for his economic projections. Dynamic scoring is the magical-mystery math Republicans have been pushing since they came up with supply-side trickle-down economics. Its based on the belief that cutting taxes unleashes economic growth and thereby produces additional government revenue. Supposedly the added revenue more than makes up for whats lost when Congress hands out the tax cuts. Dynamic scoring would make it easier to enact tax cuts for the wealthy and corporations, because the tax cuts wouldnt look as if they increased the budget deficit. Robert Reich
Posted on: Mon, 29 Dec 2014 12:14:27 +0000

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