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re: Reuters: No cuts to entitlement/welfare programs in trump budget
Posted on 2/26/17 at 4:31 pm to HailHailtoMichigan!
Posted on 2/26/17 at 4:31 pm to HailHailtoMichigan!
quote:
In a comment suggesting that Trump's budget and tax plans may use aggressive revenue assumptions, Mnuchin said the administration "fundamentally believes in dynamic scoring," a budget calculation method that assumes that a lower tax burden boosts revenues by encouraging economic activity.
The Congressional Budget Office has previously used mainly "static" scoring methods that assume very conservative economic effects of tax and budget changes.
Interesting. Didn't know this went on. The corollary to the labor market participation rate chicanery.
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