That headline sure sounds geeky. But if you have any interest in future tax reform, immigration reform, or health care reform, the way the Congressional Budget Office scores the budgetary effects of major legislation matters--a lot. And yesterday CBO issued a supplemental analysis of President Obama’s budget that included a full-blown look at how that fiscal plan would affect the economy, and what those economic changes would mean for future deficits.
Last week, House Speaker Paul Ryan said in a CNBC interview that the distributional analysis of tax plans done by the Tax Policy Center, the Joint Committee on Taxation, and others is based on the “ridiculous notion” that the effect of tax changes on different income groups is important. Ryan, who