Was your reaction to the secretarys comments . Were you heartened . I know we recently wrote a story about the possibility of transportation mixing with tax reform. The secretary saying no. Gopher big step forward. If you put grover big step forward. If you put Infrastructure Spending inside tax reform, thats less resources for further rate reduction. It reduce what is can you do in terms of the reform on taxes. Separating that is helpful. Bob maya, as far as the debt, and the offsets, it has been reported that the border adjustment tax certainly as the house has it is not going to be one of the offsets. Are you concerned about this being blowing a hole in the nations debt . Maya thank you for asking the question about offsets. Thank you for asking the question about the debt. Im a huge supporter of tax reform. We need tax reform as a way to grow the economy and increase competitiveness and lowering the Corporate Tax rate is an important piece of that. But theres been no talk of what t
Pricewaterhousecoopers and the former chairman of the house ways and means committee, and the center on budget and policy priority, president of the committee for responsible federal budget, and grover norquist, president and founder of the americans for tax reform. Over to you. Thanks. Lets start with you. What was your reaction to the secretarys comments . Were you heartened . We wrote a story about the possibility of transportation mixing with tax reform. A big step forward. A very important division. If you put Infrastructure Spending, any spending, inside lesss o tax reform, that is for infrastructure. It reduces what you can do. Two separate it is helpful. To separate it is very helpful for as far as the debt, it has been reported that the adjustment tax is not going to be one of the offsets. Are you concerned about this being this blowing a hole in the nations debt. Thank you for asking the question about offsets and the debt. I am a here supporter of tax reform. We need tax ref
Pricewaterhousecoopers and the former chairman of the house ways and means committee, and the center on budget and policy priority, president of the committee for responsible federal budget, and grover norquist, president and founder of the americans for tax reform. Over to you. Thanks. Lets start with you. What was your reaction to the secretarys comments . Were you heartened . We wrote a story about the possibility of transportation mixing with tax reform. A big step forward. A very important division. If you put Infrastructure Spending, any spending, inside lesss o tax reform, that is for infrastructure. It reduces what you can do. Two separate it is helpful. To separate it is very helpful for as far as the debt, it has been reported that the adjustment tax is not going to be one of the offsets. Are you concerned about this being this blowing a hole in the nations debt. Thank you for asking the question about offsets and the debt. I am a here supporter of tax reform. We need tax ref
Political restraints, this is a good thing. This is removing the con strant on theest maters that my concern is exactly what youre talking about. That theyll actually be pushed that congress would be mad if they say we dont know. Im very sympathetic because were just saying this is good for growth or bad for growth. But the problem is the answer should be no if we dont no. Do we know enough about this . Yeah, we know enough about this as just as much as efg educational that we score. I think we know a lit less. Im not sure thats true. Honestly. We know that the precise answer of zero is exactly wrong. Theres no virtue to being exactly wrong. By knowing that there might be an impact and saying well ignore it. So i think sort of doing this makes sense. Remember, this bill would probably not get dynamically scored. Its not big enough, the one youre worried about. This is only done in the house rule and should only be done for a major piece of legislation at large predictable impacts. So m
Its just over two hours. For those of us who have been in washington for a while feels a little bit like this person will say this and then this person will say the predictable thing and then marty sul van will say this and bob mcintyre will say that. So well probably have a little of that today. But our goal today was to move a little bit beyond the conversation about whether dynamic scoring is either the best thing to ever happen to washington or the worst thing to ever happen to washington. And, instead, to focus a little more on what is it actually mean and how do you do it. What were going to focus on today is skpaktly how it would be done. What assumptions youd have to make. What are the challenges that the jct and the cbo staff face in doing it. How can it be best presented so that members of congress and the rest of us have a clue as to what the analysis does. So this is a bit of an experiment. And, moving beyond the basic pissing context in washington to look at a little bit o