This congressional accounting trick is part of the reason Washington is so divided
|05/20/2017||Posted by BusinessMediaguide.Com under General World News||
One of the major unanswered questions regarding President Trump’s tax-reform proposal is: How much will it cost?
In theory the government has a way to answer that, but surprisingly there’s no standard methodology and politicians can tweak the results to suit their agendas.
It’s called dynamic scoring.
It’s the practice of projecting the financial effects that a policy will have on the budget while taking into account different factors such as business and consumer behavior.
Dynamic scoring can be used for relatively simple calculations, such as how raising the sales tax on a particular item will affect its sales. But it gets more complex read more >>>