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Past Event

Dynamic Scoring: Now What?

Past Event

Dynamic Scoring: Now What?

A pending rule change in the House of Representatives will require the Joint Committee on Taxation and the Congressional Budget Office to incorporate macroeconomic effects into official price-tags on certain pieces of major legislation. This remains controversial. It’s also hard to do well. The Urban-Brookings Tax Policy Center and the Hutchins Center on Fiscal and Monetary Policy at Brookings take a close look at how dynamic scoring is done, the models that JCT and CBO use for macroeconomic analysis of tax bills and other major legislation (immigration, Affordable Care Act, infrastructure), and how to communicate this analysis accurately.



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Event Materials



Background research

“Dynamic Scoring: An Annotated Bibliography” compiled by David Wessel and Brendan Mochoruk featuring research and commentary from event participants »

Presentations “Macroeconomic Analysis at the Joint Committee on Taxation and the Mechanics of Its Implementation” »

“Dynamic Scoring: Lessons from the Study of the Camp Tax Reform” by Jane Gravelle of the Congressional Research Service »

 

Agenda

What is Dynamic Scoring?

Macro Analysis at JCT and the Mechanics of Its Implementation

Camp Tax Reform Plan Panel Discussion

J

Jane Gravelle

Senior Specialist, Economic Policy - Congressional Research Service

Dynamic Scoring for Non-Tax Bills

More Information

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