Archive for the ‘Tax Policy’ Category

Dynamic scoring, interest rates, and “crowd out”

April 25th, 2017

I’ve got a piece over at the WaPo on why, when Treasury Sec’y Mnuchin says that Trump’s tax plan–which I suspect does not exist yet outside of some broad principles–“will pay for itself,” you should…um…disbelieve him. Such claims abuse “dynamic scoring,” the process by which analysts estimate macroeconomic feedback effects from tax cuts. I provide a… Read more

Tax day! And does anybody, other than the obvious suspects, really want a big regressive tax cut?

April 18th, 2017

Here’s a useful editorial from the WaPo on a long-time CBPP theme: fully fund the damn IRS, damnit! Stiffing the agency is increasingly a back-door way for R budget cutters to provide an implicit tax cut to their funders: Attacking the IRS is a particularly expensive way to play to the crowd. It rewards tax… Read more