What are dynamic scoring and dynamic analysis? Q.What are dynamic scoring and dynamic analysis? A.Tax, spending, and regulatory policies can affect incomes, employment, and other broad measures of economic activity. Dynamic analysis accounts for those macroeconomic impacts, while dynamic scoring uses dynamic analysis in estimating the budgetary impact of proposed policy changes. Read more about What are dynamic scoring and dynamic analysis?
How might the Tax Cuts and Jobs Act affect economic output? Q.How might the Tax Cuts and Jobs Act affect economic output? A.The Tax Cuts and Jobs Act will likely boost economic output modestly in both the short and the longer run, but not all those gains will flow to the incomes of Americans. Read more about How might the Tax Cuts and Jobs Act affect economic output?
How do financing methods affect the distributional analyses of tax cuts? Q.How do financing methods affect the distributional analyses of tax cuts? A.Tax cuts are financed through reductions in current outlays or higher government debt that will eventually have to be repaid. Distributional analyses omit this information as well as the effects of tax increases on current outlays and debt. Read more about How do financing methods affect the distributional analyses of tax cuts?
