TAX REFORM - WHAT IS DYNAMIC SCORING?
Part of the debate about tax reform is the question of how much cutting taxes will increase the already $20,000,000,000,000 ($20 trillion) national debt. The recent budget bill allowed the Congress to pass tax reform to increase the deficit by about $1.5 trillion over the next ten years.
When the congressional staffers and economist measure the impact of the provisions of tax reform they talk about “static” changes” and “dynamic scoring” changes. So what does that all mean.