<p>JCT Should Adjust Modeling Assumptions, Tax Foundation Says</p>

JCT Should Adjust Modeling Assumptions, Tax Foundation Says

Tax Foundation

“Tax policy should pay attention to the costs of increasing the national debt, but the effects should be assumed to lie within the bounds of current research based on historical observations,” the Tax Foundation said in a November 7 report arguing that the Joint Committee on Taxation should relax its assumptions about the availability of saving for private investment.

<p>“Tax policy should pay attention to the costs of increasing the national debt, but the effects should be assumed to lie within the bounds of current research based on historical observations,” the Tax Foundation said in a November 7 report arguing that the Joint Committee on Taxation should relax its assumptions about the availability of saving for private investment.</p>