WASHINGTON - Ways and Means Committee Ranking Member Sander Levin (D-MI) today delivered the following remarks on the House floor in opposition to the Republican rules package, which requires CBO and JCT to incorporate dynamic scoring into their official cost estimates of major legislation:
This change is not about more information. This is a requirement that the macroeconomic effects required to be incorporated in these official cost estimates be part of the enforcement of the budget resolution.
Republicans today are extending their embrace of voodoo economics by wrapping their arms around voodoo scorekeeping.
They are changing House rules to be able to cook the books to implement their long-held, discredited notion that tax cuts pay for themselves.
I think that former Reagan and George H. W. Bush administration official Bruce Bartlett said it best: “It is not about honest revenue-estimating; it’s about using smoke and mirrors to institutionalize Republican ideology into the budget process."
That’s what this is all about.
