Now This is huge!!
I hope he's series!!
Get rid of baseline budgeting NOW!
Now This is huge!!He also argued the need for dynamic budget scoring to capture the effects of faster growth.
I hope he's series!!
Get rid of baseline budgeting NOW!
Dynamic budget scoring is the rejection of the assumption that tax revenue goes down in direct proportion as the tax rate goes down. Static budget scoring is notoriously erroneous WRT the Capital Gains tax rate, a cut in which has, historically, always produced an increase rather than a decrease in revenue.Baseline budgeting is, you probably know, a different thing - it is the hardwiring in of projected increases in spending, such that merely holding expenditures constant would be scored as a cut.
My first thought when I read your post was that you confused the two, but on reflection I assume you know the difference and are making an excellent additional suggestion.