"Dynamic scoring" will make tax cuts better...by reducing the revenue lost, thereby increasing the money available to spend.
Certainly, it is a mmore accurate representation of the real world. But I won't be surprised if Congress abuses it...
Dynamic scoring is an attempt to measure the effects of any given change in revenue or spending and its impact on the over all economy. While it will take decades to refine, a ball park guess is still better then the known wrong error of static scoring. Think of it this way, under dem rules a 100% tax on peoples incomes gives the gov everything. In reality a 100% tax give the gov nothing because no one is going to work if only the gov gets paid. even 80% won’t produce revenue to the gov. Dynamic scoring is the base principle of the laffer curve. As an economist myself its a no brainer.
Besides the change in population purchasing behavior, there is also the waste nessesitated by being a government program. when you buy something for yourself its worth the price you paid, assuming your not a moron. Your local gov has to bill for the admin costs, so in gerneral your local gov service gets you $1 for a cost to you of $2. and thats efficent when look at state and fed.
The change to dynamic scoring and the end of baseline budgeting, with a bonus program to gov workers that figure out better, faster, cheeper and a payment to whistle blowers based on fraud recovery could cause an attitude change that would begin to solve the budget deficit in a meaningful way. Add a percentage deduction to pension and medical payments related to total budget deficits. make total compensation to all federal emplyees outside of a combat zone reduced by the same percentage of total spending vs revenue and your done, market forces driving spending.