We seriously need to clean house! I believe if we held a lottery for Senate seats from among the general population, we might actually have representation, but those there now sure dont represent our population whatsoever. All they do is come up with more and more reasons to go to war and hand cash to their fellow masonic buddies. We must indivisibly make them anathema asap! ~ On Tuesday, the House will vote on whether the the Congressional Budget Office (CBO) and Joint Committee on Taxation (JCT) will be required to use “dynamic scoring” when they quantify the impact of a potential bill. What sounds like a small technicality could have a huge impact on lawmaking and the country’s finances. What is dynamic scoring? When a bill is proposed, the non-partisan CBO often scores it, or offers its best estimate of how much it will cost and how it will impact the economy. In scoring tax legislation, the CBO and JCT look at a range of economic models that could predict the impact of any changes. But they assume that the size of the economy and workforce will stay fixed at their current levels. Dynamic scoring would require that they include in their estimates any changes in the economy and the workforce resulting from tax legislation in the future. This would almost certainly mean including the assumption that tax cuts increase economic output, bringing in more government revenue in the long term that would help make up for the money lost to the cuts.* The Young Turks hosts Cenk Uygur and John Iadarola break it down. 6:54 youtu.be/EbfK5aR-Dmo
Posted on: Sat, 10 Jan 2015 19:45:05 +0000
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