The CBO estimates are only as good as the assumptions that are built into the model. The CBO is not allowed to define the assumptions. They come with the request.
Democrat economic models FAIL EVERY TIME because they always fail to recognize that people adjust all manner of behaviors based on changing economic circumstances.
Income projections from taxes and fees ALWAYS fall short because Democrats assume that the producers will continue to produce at X level even as government confiscates more of their hard earned wealth.
As much as I like El Rushbo, I think he’s a little out of his depth when it comes to economics.
I’d be interested in hearing Walter E. Williams’ take on it.