When Conservative who
believe despite all evidence to the contrary that tax cuts pay for
themselves come up against real world data they do not change their
positions. They seek to change real
world data. So now the Senate has voted to
require the Congressional Budget Office, the independent score keepers on
fiscal matters, to show that tax cuts increase revenues.
Sen. Rob Portman's plan eked out a narrow victory in budget votes Saturday. | AP Photo A victory for ignorance of course. |
The amendment endorsed a model called “dynamic scoring,”
which assumes that tax cuts will pay for at least part of their cost by
generating more economic activity. The measure by Sen. Rob Portman (R-Ohio)
called on CBO and the Joint Committee on Taxation to include “macroeconomic
feedback scoring” in all future estimates of tax legislation.
So now the independent CBO must, by law if the measure stays
in the legislation, fudge the numbers.
Of course, just forecasting increased revenues doesn’t produce them, as
George W. Bush et. al. found out in 2001 and 2002 and 2003.
This is a trend in Conservative thinking (?). In North Carolina the newly in charge Republicans passed a law forbidding the sea level increases from global warming rising enough to threaten coastal property. The sea level was not impressed.
But Conservatives create an alternate universe when they need to. In fact in most cases they have to.
This is a trend in Conservative thinking (?). In North Carolina the newly in charge Republicans passed a law forbidding the sea level increases from global warming rising enough to threaten coastal property. The sea level was not impressed.
But Conservatives create an alternate universe when they need to. In fact in most cases they have to.
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