What took so long?!

Bruce Bartlett discusses the importance of dynamic scoring in Congress. His rough estimate of the problems caused by static scoring all these years: the projected loss of revenue from proposed tax cuts is overestimated by a factor of 35% and the projected revenue from proposed tax increases is overestimated by the same factor of 35%.

This has created a tremendous analytical bias in favor of tax increases and against tax cuts. About time for some honesty in government forecasting.