CCAGW Supports the Pro Growth Budgeting Act | Council For Citizens Against Government Waste

CCAGW Supports the Pro Growth Budgeting Act

October 30, 2019

Member of Congress
U.S. House of Representatives
Washington, D.C.  20515

Dear Representative,

On behalf of the more than one million members and supporters of the Council for Citizens Against Government Waste (CCAGW), I urge you to support the Pro Growth Budgeting Act (PGBA).

This legislation, introduced by Rep. Kevin Hern (R-Okla.), would require the Congressional Budget Office (CBO) to produce a dynamic score through a macroeconomic impact analysis for committee-reported major legislation. Dynamic scoring measures the impact of legislation on major economic indicators, including GPP, interest rates, investment, jobs, and labor supply. Dynamic scoring more accurately predicts economic growth and revenue increases than standard static scoring, particularly in regard to the predictable and largely positive behavior that occurs following tax cuts.

Dynamic scoring would be required for any legislation with an effect on revenue, spending, deficits, or debts that exceed 0.25 percent of the current projected GDP of $40 billion. It would be required in addition to CBO’s traditional budget cost estimate.  Under the PGBA, both the House Budget Committee Chairman and Ranking Member may request a dynamic score even if the legislation does not have an impact which exceeds 0.25 percent.

The requirement of a dynamic score was included in House rules but was foolishly repealed for the 116th Congress. Passing the PGBA would reverse that imprudent decision.

Again, I urge you to support this legislation. All votes on the PGBA will be among those considered in CCAGW’s 2019 Congressional Ratings.

Sincerely,

Tom Schatz

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