Page 5 - Dynamic Scoring News Today

Means simplification and overhauling how you pay your taxes, what kind of deductions you are able to claim and all of that. if they dont propose something specific and expansive in terms of how you alter the structure of the code, it is not really tax reform. the one reason im sus pirgs is reform is how you pay for it. and without that, were not really dealing with tax reform. and if we are, then its very, very complicated on the hill. if not, its still complicated because of the deficit implica...

The weeds here but this means more money for the government. normally they pretend like cutting taxes doesnt mean more growth. the bottom line is cut taxes, absolutely shrink the government, grow the real world economy. that will mean more money for american families and more money for the government, by the way. so cut taxes. use dynamic scoring. its honest scoring. >> neil: so far it looks like theyre not going to remove or alter popular deductions for mortgages, charitable contributions, that...

Well be fine. that said, lets bracket that for a second. it has been the record of republicans -- this is something republicans have been consistent on. ronald reagan, huge deficit, financed tax cut. george bush. were going to get a big deficit, financed tax cut. at the same time republicans are saying they care about balanced budgets, but the proof is in the pudding. the deficits go up under republican presidents. why not just be honest about what theyre doing? >> i think they believe in this i...

Financed tax cut. george bush. were going to get a big deficit, financed tax cut. at the same time republicans are saying they care about balanced budgets, but the proof is in the pudding. the deficits go up under republican presidents. why not just be honest about what theyre doing? >> i think they believe in this idea of dynamic scoring, and ive warned them about it. you know, i say if you dynamically score taxes, then youre going to have democrats dynamically score spending on domestic progra...

Job. can it be better? absolutely. i agree with you. it could be improved. but that doesnt mean it is going to be paid for. we are going to have massive red ink. use the words of george h. bush that called dynamic scoring voodoo economics. i hope it works. but it didnt work in 1991 or 1989. >> gork h.w. bush admitted he was wrong. so george h.w. bush admitted it wasnt voodoo economics. it worked. we had the biggest boom in american history. >> thank you very much. appreciate your takes. helpful ...

Reducing debt, and people who dont use dynamic scoring miss that, whether they call themselves non-partisan or whatever, it is not very good economics. so it is very important to understand there would be another 12 million people in this country today working if we had grown at reagan rates rather than obama rates. thats the pain that americans are seeing. thats the damaged families and households and neighborhoods of 12 million people not working. we need to get growth back. that comes from lo...

Heard during the reagan years. during the reagan years -- >> theres no guarantee growing 4% a year. thats the number that donald trump pulled out during the campaign. theres no evidence of that that this will in anyway lead us to 4% growth. anyway. >> yes, there is. and what we had during the reagan years with lower marginal tax rates and some deregulation, we grew at 4% a year, during the obama years we grew at 2% a year, the difference between growing for a decade at 4% a year than 2% a year i...

Elements of the tea party opposed to it, but overwhelmingly house republicans and house conservatives do like this. it gets them to a balanced budget within ten years, although one big caveat, assumes huge dynamic scoring from some of the tax cuts. it also just has an unprecedented cut when it comes to discretionary spending for nondefense measures. and so republicans really like that a lot, they love the reforms to medicaid, love the reforms to medicare, dismantling a lot of the social safety n...

Hes been willing to contemplate are those that come from growth, from dynamic scoring, which is not -- everyones idea of how to balance the budget. >> thats right. we saw him rapidly evolving from that position today. we started out, our interview, i said grover, in 1986, when you first did this pledge, the u.s. budget deficit was $200 billion. now its a trillion. how can you say nothing has changed? he acknowledged things have changed, but hes trying to stick to his principles so when i talked ...

But theres no doubt that if eric cantor is willing to at least vote on a deal that has new revenue, that that is a huge paradigm shift. and i think that gives us all hope, although theres still a long way to go, that there can be a deal that has the president has said for a long time, a balanced approach. >> but ruth, what are the democrats willing to give, because there are some democrats, some of the more liberal democrats who are saying lets go over the cliff. that gives us more leverage. >> ...