Debunking the Debunking of Dynamic Scoring and the Laffer Curve - Daniel J. Mitchell - Townhall Finance Conservative Columnists and Financial Commentary - Page full

Debunking the Debunking of Dynamic Scoring and the Laffer Curve - Daniel J. Mitchell - Townhall Finance Conservative Columnists and Financial Commentary - Page full

He asks nine questions and then provides his version of the right answers. Let’s analyze those answers and see which of his points have merit and which ones fall flat.
But even before we get to his first question, I can’t resist pointing out that he calls dynamic scoring “an accounting gimmick from the 1970s” in his introduction. That is somewhat odd since the JCT and CBO were both completely controlled by Democrats at the time and there was zero effort to do anything other than static scoring.
I suppose Yglesias actually means that dynamic scoring first became an issue in the 1970s as Ronald Reagan (along with Jack Kemp and a few other lawmakers) began to argue that lower marginal tax rates would generate some revenue feedback because of improved incentives to work, save, and invest.
Now let’s look at his nine questions and see if we can debunk his debunking.