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Affect the analysis regarding any decreases or increases

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How does the Congressional Budget Office "score" proposed changes to the income tax code? Does it utilize "static" or "adaptive" parameters in its analysis. How does its use of its current parameters affect the analysis regarding any decreases or increases in income tax rates? Many years ago Senator Packwood from Oregon requested the CBO to analyze a proposed tax increase to 100% of income above a certain dollar amount. What was the result of the CBO analysis of his proposed change and was that analysis an accurate depiction of what would actually happen in real life? Why or why not. Limit your response to no more than one page.
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Reference no: EM13313174

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