History will be made this week on the Senate floor as well as in the opulent cloakrooms adjacent to it, where cameras are not allowed. Then Congress enacted new rules requiring the JCT to produce dynamic estimates for “major” legislation. But Republicans are not anxious for that JCT study to become public and are taking advantage of a loophole in their own rule to suppress release of the JCT dynamic scores. As the Congressional Budget Office revealed yesterday, it is “not practicable” for the JCT to perform dynamic estimates in a timely manner. Based on a review of prior JCT dynamic estimates, there is good reason to expect that the estimate of current legislation will show less-than-flattering growth effects.

Source: Forbes November 27, 2017 17:26 UTC