**AS PREDICTED EARLY THIS WEEK, REPUBLCORP WILL TRY TO REINSTITUTE THEIR VODOO, MAGICAL MYSTERY TRICKLE DOWN ECONOMICS A HISTORICAL FAIURE PROVED BY EVERY MEASURE OVER THE LAST 30 YEARS. THANKS AGAIN TO THE 63% WHO DECIDED TO STAY HOME AND NOT VOTE** Republican advocates argue it would make fiscal analysis better reflect what they call economic realities. Dynamic scoring, as they envision it, would assumes that lower tax rates boost growth, offsetting some lost revenue. The scoring of tax and budget bills matters because it can influence whether a bill becomes law. Lawmakers shy from measures that would balloon the deficit. So any math that makes scores look less worrisome has political appeal./ House Republicans were scheduled to meet on Monday to consider rules for the new Congress that convenes in January. One proposed rule, quietly unveiled two days before Christmas, is to require more dynamic scoring. /The top Democrat on the tax-writing House Ways and Means Committee has been sharply critical of this approach. In the guise of dynamic scoring, Republicans are trying to rig the system in ways that can be very destructive, said Michigan Democrat Sander Levin in a recent statement. /The proposed change would undermine fiscal responsibility and further embrace Republican trickle-down economics, he said.
Posted on: Fri, 02 Jan 2015 01:23:58 +0000
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