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I think this is worthy of a ping. What do you think?

This is more than worthy of a ping it is huge in that I don't believe this sort of analysis has ever been undertaken before by an agency of the government and portends great things if it becomes a trend!

Dynamic scoring means the end for the status quo types in Washington and I, for one, could not be more delighted to see this!

Well, in looking into it a bit, it isn't what it appears to be (the so-called Personal Consumption Tax). In fact it is something quite different from what FairTax supporters know as a consumption tax:

"The Tax Panel’s Progressive Consumption Tax (PCT) is a modified version of David Bradford’s X-tax.22 The plan is a bifurcated subtraction-method VAT where labor compensation is deducted at the business level and taxed at the individual level at progressive rates of 15, 25 and 35 percent."

So we see that it is really a VAT+income tax in drag.

It IS good to see the dynamic analysis beginning to be used and that should greatly benefit the FairTax when it comes up for review.

". . . Dynamic scoring means the end for the status quo types in Washington and I, for one, could not be more delighted to see this!"

We all should be delighted. Dynamic scoring means that over one hundred years after the Austrian Economist Eugen von Böhm-Bawerk pronounced his thesis that "capital is productive," that we can actually use it when projecting economic growth.

When they taught me this in grad school I thought it was so simple that it didn't even need to be debated:

". . . The idea that capital produces its own interest, whether true or false, seems at least to be clear and simple. It might be expected, therefore, that the theories built on this fundamental idea would be marked by a peculiar definiteness and transparency in their arguments. In this expectation, however, we should be completely disappointed. . . ."

[Eugen von Böhm-Bawerk, Capital and Interest: Book II, Ch. 1 (1884)]

Yes Eugen, we should indeed be disappointed, since we have to listen to Democrats tell us that we cannot assume that if more investment capital is placed in the hands of private entrepreneurs that there will be more growth.

I think Böhm-Bawerk would have understood Democrats very well.

Just got back. The cover of this report looks as if it was prepared for the Tax Reform Commission. The Commission is no longer operative; yet the report was published in late May. But I'm glad to hear your comments. Looks like the president ordered that the dynamic scoring be used in the study. I wish he could do the same to the CBO. Tell me more about what you think. Thanks.