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1 Scott Hodge, Dynamic Scoring Made Simple 1 (2015)

handle is hein.taxfoundation/dynscsim0001 and id is 1 raw text is: 




TAXS
FOUNDATION              Dynamic Scoring Made Simple

FISCAL

FACT                    By  Scott  Hodge
Feb. 2015                   President
No. 451


                        Key  Findings

                           Dynamic scoring is a tool to give members of Congress the information
                           they need to evaluate the tradeoffs in tax policy changes.

                           Dynamic scoring provides an estimate of the effect of tax changes on jobs,
                           wages, investment, federal revenue, and the overall size of the economy.

                           Using dynamic scoring, policymakers can differentiate between policies
                           that look similar using conventional scoring methods, but have vastly
                           different effects on economic growth under dynamic scoring.

                           For example-using Tax Foundation's Taxes and Growth model-we find
                           that five tax change with the same static revenue cost can have vastly
                           different effects on GDP, investment, jobs, and federal revenue-ranging
                           from virtually no change in GDP to an increase of over 5 percent.

                           The use of dynamic scoring is crucial to ensure that comprehensive tax
                           reform grows the economy and meets revenue expectations.

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