Transparency and dynamic scoring

By: Emily Makings
12:00 am
May 21, 2015

In the latest episode of Policy Today, Lew and Kriss talk about the new requirement that the Congressional Budget Office and the Joint Committee on Taxation use dynamic scoring for certain bills. The Tax Foundation notes that the new director of CBO, Keith Hall, has testified that CBO will be transparent in its efforts at dynamic scoring:

“We’re going to open ourselves up to criticism and comments if we’re not doing a fair job, and I think that’s the only way for us to remain credible and also improve what we’re doing,” Hall said, according to Politico. . . .

One common criticism of dynamic scoring is that there is no consensus on how it should be done. This is why Director Hall’s focus on transparency is so important. While speaking to the Senate Budget Committee, he said the CBO plans on “making clear how we’re going to do the dynamic scoring, what models we’re going to use, what estimates we’re going to use.”

Full disclosure: I was formerly a staff member at CBO. I liked Keith Hennessey’s take on the new dynamic scoring rule from back in January.

Categories: Budget , Categories , Tax Policy.