Page 4 - Dynamic Scoring News Today

Dynamic scoring and that revenues increase when we have the right tax policy. i just wont be a voice to call for it to be completely paid for pip aoed like to see as much pro growth tax cuts as possible. i think were in a unique position. after eight years what i considered a fairly anti-business and radical obama regulatory tax environment, our economy could really explode. the people who will benefit from that are these working middle class, americans that go to work and work very hard. they h...

Isnt done yet but they are only basing it on the plan as it exists at this point but according to their analysis, that middle fifth, gets one and a half percent of the total benefit of the tax cut while the top 1% gets 8 and a half percent of the benefit. that doesnt seem fair. >> sure, a couple of things. i cant see the graph that you have shown up and i think that particularly organization did, number one they didnt do any dynamic scoring, they assumed no benefit to the overall economy which i...

Isnt done yet but they are only basing it on the plan as it exists at this point but according to their analysis, that middle fifth, gets one and a half percent of the total benefit of the tax cut while the top 1% gets 8 and a half percent of the benefit. that doesnt seem fair. >> sure, a couple of things. i cant see the graph that you have shown up and i think that particularly organization did, number one they didnt do any dynamic scoring, they assumed no benefit to the overall economy which i...

As well. and were committed to do that. >> sounds like youre willing to, about a $5 hadn00 billion o ten years. you outlined about a trillion, potentially. >> when we plook at this, obviously, we put in some mandatory cuts in our budget. $200 billion in cuts. when you look at dynamic scoring. make a compelling case, chuck, when you look at really reducing the tax burden and getting this economy going at a 3.gdp growth or better, that you can end up in a 15 yooe-year window. perhaps not in ten, b...

Congressman, this idea of removing the deduction for state local taxes, which depending on the math could shave $1.5 trillion over ten years. youd need a couple trillion more to justify it if youre in the camp that says pay for tax cuts. what other ideas do you have? >> what well end up doing on this, the more aggressive we are on the tax cuts and mentioned and revenue neutral and certainly the dynamic scoring is what you were talking about, that dynamic scoring is important because its what hap...

>> harris: i can back to what you said, they dont necessarily need to work something out on this one. >> guy: if they can get 50 votes, though get it done and thats why mitch mcconnell is saying we fell short by one vote on health care, events can bank that we will be able to do it again, but i think thats a risk by schumer. frankly, he might be powerless. this is a reconciliation issue. less but it would make about deb is neutrality, its really important when you look at the scores of these thi...

Whopping $3.4 trillion. how could the smart goldman sachs guys on trumps economic team, gary cohn, steve mnuchin, make such a big basic math error? actually, they did it intentionally. the administration assumed that because of its tax cuts the american economy would grow by 3% a year for the next decade. the cbo instead says the presidents plan would increase gdp growth to 1.9%, which most economists agree is the sensible assumption. note that the american economy has grown on average just 1.8%...

Or if the capital gains tax were repeals that would help trump. what about all the millions of americans who might benefit? liz: i dont check the articles. i check the comments to the articles. there were interesting comments across the nation. they said we have been doing the same thing for 8 years. lets just try this. but when you have steven mnuchin the treasury secretary saying the growth spurred from this will pay for the tax plan, we have seen that movie before, even george herbert walker ...

Or if the capital gains tax were repeals that would help trump. what about all the millions of americans who might benefit? liz: i dont check the articles. i check the comments to the articles. there were interesting comments across the nation. they said we have been doing the same t lets just try this. but when you have steven mnuchin the treasury secretary saying the growth spurred from this will pay for the tax plan, we have seen that movie before, even george herbert walker bush said thats v...

Governments. what im worried about is turbo dynamic scoring which seems to be what some people have in mind which is to assume away all of the problems that you would have and economic growth will solve all of the problems and thats, as jonathan said, has been unrealistic in the past. >> jonathan, john and i are sitting up here wondering if its actually democrats who pay more about debt and deficits and republicans at this point because this is a president who just last year said on cnn i am the...