The next step on the Trump tax cut extension march to victory is to scrap the CBO baseline score and instead adopt the Senate policy of current policy baseline. The chart below shows that the CBO preposterously scores this as a 10-year $4 trillion revenue loss. The current policy baseline scores this as a zero dollar loss.
What is the case for scrapping CBO? They have a horrendous scoring record. The chart below shows over the first seven years of the Trump tax cut CBO’s revenue loss estimate was $1 trillion too high and $1.25 trillion too high taking out the Covid year 2020.
Why go with a score we KNOW is wrong?