March 30, 2013

PERRspectives: Republicans Ask CBO to Rig Tax Cut Numbers

PERRspectives: Republicans Ask CBO to Rig Tax Cut Numbers
"Perhaps the greatest myth in the Republican pantheon is the claim that "tax cuts pay for themselves." Sadly, that article of supply-side faith--that tax cuts fuel economic growth so explosive that federal revenue exceeds what otherwise would have been collected--has been painfully debunked by decades of history. Unfortunately, as part of budget deal just completed by Congress Republicans quietly ensured that such "dynamic scoring" would become part of future analyses by the nonpartisan Congressional Budget Office (CBO). If the GOP succeeds, voodoo economics will henceforth be a feature, not a bug."