Tax Policy Center: Economic Growth and Dynamic ScoringTax Policy Center reports on: Economic Growth and Dynamic Scoring - The Tax Policy Center is a joint venture of the Urban Institute and Brookings Institution. The Center is comprised of nationally recognized experts in tax, budget, and social policy who have served at the highest levels of government.The Economic Effects of Long-Term Fiscal Discipline- April 24, 2003 This paper examines long-term fiscal discipline and economic performance, with two main results. First, declines in budget surpluses (increases in deficits) reduce national saving and therefore reduce future national income, regardless of their effect on interest rates. Second, increases in expected future deficits raise long-term interest rates. Thus, the costs of long-term deficits are significant and need to be compared carefully to the potential benefits of tax and spending changes that...http://www.taxpolicycenter.org/publications/url.cfm?id=310669&RSSFeed=Economic_Growth_... Making the Right Case for Dynamic Analysis- April 21, 2003 A recent Congressional Budget Office report presented many estimates, both positive and negative, for the effect of the presidents proposed tax cut on the economy. In issuing this report, CBO indirectly called into question many of the more nave statements made about the ability of Congress to "dynamically" score tax cuts in a way that significantly lowered their budget cost. However, there is a good case for dynamic analysis, which is that raising taxes (and spending money) causes distortions..http://www.taxpolicycenter.org/publications/url.cfm?id=1000476&RSSFeed=Economic_Growth... Score-Keeping and Spending- April 7, 2003 Dynamic score-keeping -- the recording of budget feedback effects as people react to government actions such as tax cuts -- is a hot topic again, fueled in part by the recent release of a Congressional Budget Office study of the revenue effects of the president's tax proposals. The topic is also one of the most misunderstood. Some Republicans like to believe that almost any tax rate cut has very large feedback effects that make its costs significantly lower. Some Democrats like to believe that..http://www.taxpolicycenter.org/publications/url.cfm?id=1000475&RSSFeed=Economic_Growth... |