Tag Archives : JCT
A Primer on Growth, Politics, and Taxation
Supply-side is still very relevant.
read more...Why “Dynamic Scoring” Is Far More Accurate Than “Static Scoring”
New research shows why the fight for dynamic scoring is so important.
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The Left’s Position on the Laffer Curve and Dynamic Scoring: Being Exactly Wrong Is Better than Being Inexactly Right
A scorer admits the ideological, rather than scientific, reasoning used by CBO and JCT.
read more...Debunking the Debunking of Dynamic Scoring and the Laffer Curve
Matthew Yglesias mostly attacks strawmen in his attempting debunking of dynamic scoring.
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Proper Staffing and Reform of JCT and CBO Is an IQ Test for the Republican Party
CBO and JCT wield tremendous power. They are also dependable allies of the left.
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Moral Corruption at the OECD: Using Dishonesty to Advance the Statist Agenda
I’m frequently baffled at the stupidity of Republicans. When they took control of Congress back in 1994, for instance, they had unrestricted ability to get rid of the bureaucrats that generated bad economic analysis at both the Joint Committee on Taxation and the Congressional Budget Office. Yet notwithstanding more than a decade of congressional power, GOPers did almost nothing to neutralize the bureaucrats who […]
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Another Victory for Good Fiscal Policy
Our lords and masters in Washington have taken a small step in the direction of recognizing the Laffer Curve. Here are some details from a Politico report. Here’s one Republican victory that went virtually unnoticed in the slew of budget votes last week: The Senate told the Congressional Budget Office it should give more credit […]
read more...The Joint Committee on Taxation’s Head-in-the-Sand Approach to the Laffer Curve
I’m a big believer in the Laffer Curve, which is the common-sense proposition that changes in tax rates don’t automatically mean proportional changes in tax revenue. This is because you also have to think about what happens to taxable income, which can move up or down in response to changes in tax policy. The key […]
read more...In the Entire World, Is there Anybody Who Is Surprised that Obamacare Is Turning Out to Be Far More Expensive than the President Promised?
Washington is filled with people who exaggerate, prevaricate, dissemble, and obfuscate. And those are the people I like. The ones I don’t like are much worse. That’s why, during the Obamacare debate, I warned that the numbers were utterly dishonest. We were told, if you remember those grim days, that adopting a giant new entitlement […]
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Alan Blinder’s Accidental Case for the Flat Tax
Alan Blinder has a distinguished resume. He’s a professor at Princeton and he served as Vice Chairman of the Federal Reserve. So I was interested to see he authored an attack on the flat tax – and I was happy after I read his column. Why? Well, because his arguments are rather weak. So anemic […]
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