����vlog����

Information provided to Congress about the economic and budgetary effects of proposed legislation could be expanded and improved if further investments were made in modeling and experience at Congress’ nonpartisan agencies, according to a paper discussed at the Brookings Papers on Economic Activity (BPEA) conference on September 26. The paper presents case studies of some areas where dynamic scoring could provide more information at this time and other areas where it cannot yet provide more information, given the state of modeling and the research literature. The case studies cover immigration policy, research and development spending, and federal permitting of infrastructure investments. For example, the difference between conventional and dynamic estimates of changing the authorized number of high-skilled immigrants is “especially stark,” they write, because conventional estimates do not include the effects on federal revenue of the change in population or other economic effects.