Why the Congressional Budget Office almost always gets it wrong

Stephen Moore, The Washington Times

The CBO does not measure the economy-wide benefits of lower tax rates, and thus it

doesn’t adjust for higher employment and growth — which happens every time we cut tax rates. We also know that the 2017 scoring of the Trump tax cut has already underestimated the revenues from the first six years of the law by a massive $1 trillion or more. Everyone makes mistakes. But the CBO/JCT have a habit of overstating the benefits of raising taxes and underestimating the benefits to the economy from cutting tax rates. They're wrong almost every time.