we have jane gravelle alan vird from aei and center and policy priorities. each of them will speak for five minutes and then we'll all come up here and have a joint talk. thanks. >> thank you very much. i'm jane gravelle and i want to say the views that i present here are not the views of the national research service. there may be some similarities to papers that i've written. so -- and i also want to say to our jct folks here i have great admiration for the work that you do. i know you are greatly dedicated public service and i hope if you take any questions i would raise about your analysis and the context of helping to prove it. so, this is really -- i think there are a lot of lessons we can learn from the dynamic analysis of camp proposal which has a lot of moving parts. first, there's a big difference between individual rate cuts across the board and individual tax reform, you know, the effects are very different. so for a tax cut a really important issue is the short-run stimulus effect in the mag model and the jct model. there are a lot of reasons i

i'm jane gravell from the congressional research service. and i want to say that the views i present here are not the views of the congressional research service other than there may be some similarity to papers that i've written for the congressional research -- [laughter] so, and i also want to say to our jct folks here, i have great admiration for the work you do. i know you are all dedicated public servants so i hope you take any questions i would raise about your analysis in the context of helping to prove it. so and this is really -- can i think there are a lot of lessons we could learn from the dynamic proposal of the camp proposal which is a very dynamic proposal and had a lot of moving parts. first is there's a big difference between individual rate cuts across the board and individual tax reform. you know the effects are very different. so for a tax cut, a really important issue is the short run stimulus effect and the meg model, and the jct's model. it's not allowed in the olg model. and there are a lot of reasons i think for excl

will say the predictable thing and marty sullivan will say this and bob mcintyre will say that jane gravelle will say this. we would not have alluded about today, but our goal today was to move a little bit beyond the conversation about whether dynamic scoring is even the best thing to ever happen to washington or the worst thing to ever happen to washington, and to instead focus on little more on what is it actually mean and how do you do it. and this is of course newly relevant because of the house rule which i printed out and forgot to bring down but which requires the joint tax committee which does taxes, and the congressional budget office, which despite what some people think does not score taxes to take into account the macroeconomic effects of policies and their feedback effects on revenues. and this is hard. are a lot of people think it's long overdue. there some people who think that it will lead to bad fiscal policy over time. what we're going to focus on today is exactly how can we be done, what assumptions you would have to make them what of the challenges that the jct and the c