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re: Is the CBO truly independent?
Posted on 5/24/17 at 1:56 pm to Street Hawk
Posted on 5/24/17 at 1:56 pm to Street Hawk
quote:The problem with the CBO has nothing to do with its independence.
Is the CBO truly independent? by Street Hawk
It has to do with its charter. It isn't designed to be accurate because no matter how smart the CBO folks are, they can't make obvious assumptions.
Technically speaking, if a bill proposes a 90% tax on something that previously had a 30% tax, the CBO will score that bitch as "current sales x 90% tax rate".
Yes. The above is highly simplistic for illustrative purposes.
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