[Congressional Record Volume 163, Number 209 (Thursday, December 21, 2017)]
[Extensions of Remarks]
[Page E1752]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




           CONFERENCE REPORT ON H.R. 1, TAX CUTS AND JOBS ACT

                                 ______
                                 

                               speech of

                            HON. KEVIN BRADY

                                of texas

                    in the house of representatives

                       Tuesday, December 19, 2017

  Mr. BRADY of Texas. Mr. Speaker, I want to take a moment to reiterate 
the importance of dynamic scoring as part of the tax legislative 
process.
  Ever since 1996, when the staff of the Joint Committee on Taxation 
began to investigate how best to apply macroeconomic analysis to tax 
legislation, Congressional scorekeepers have continued to hone their 
expertise and produce ever more sophisticated analyses of various tax 
reforms. All of this hard work culminated in 2015 when macroeconomic 
analysis, commonly known as ``dynamic scoring,'' was formally adopted 
in the House of Representatives for the purposes of official cost 
estimates for major legislation.
  Ever since the formal adoption of dynamic scoring, first in the House 
and later in the Senate, the goal has been to produce pro-growth tax 
reform that was informed by the dynamic scoring process. Although a 
dynamic estimate was not used for official scoring purposes with 
respect to H.R. 1 due to constraints in the reconciliation process, 
macroeconomic analysis will be critical to major legislative efforts in 
the years ahead. It is important that members of Congress be informed 
by non-partisan analysis about whether legislation under consideration 
would shrink or grow the economy as well as how that change in growth 
would affect the nation's finances and, most importantly, the American 
people.

                          ____________________