Political Quotes

“Mr. Chairman, let me start by congratulating the Budget Committee and the gentleman from Georgia for bringing this bill to the floor. We need to have more honest budgeting, and this is a step in the right direction. I plan to support it. I have long supported the use of dynamic scoring in particular. I'm pleased to see this issue on the floor today. It's necessary to ensure that Congress has the most reliable information possible. Not all tax cuts are created equal when it comes to the ability to actually generate tax revenue, and I think that we ought to recognize that, and that's what dynamic scoring is all about. H.R. 3582 requires CBO to provide a supplemental dynamic analysis for a bill with a gross budgetary impact greater than a quarter percent of the U.S. gross domestic product in any fiscal year. Based on the current GDP, I believe the threshold would be somewhere in the neighborhood of $40 billion, meaning the dynamic scores would be limited to bills with a gross impact of $40 billion a year. Unless I'm mistaken, I believe that setting a trigger for a supplemental macroeconomic analysis would have yielded dynamic scores for somewhere in the neighborhood of a couple dozen bills introduced last year, let alone the number that we considered. The amendment that is ruled in order here would lower the threshold for requiring a supplemental dynamic score to any legislation that would have a budgetary impact greater than $5 billion in a year.…”