Must-Read: @dashching seems like an unhappy camper todayï...

Must-Read: @dashching seems like an unhappy camper today���unhappy with the Tax Foundation setting forth a model that (a) they know is inaccurate even on their own methodologies, and (b) based on a methodology���that the medium-run drag on growth from a larger deficit does not exist���that I do not believe can be defended in a professional manner:

Chye-Ching Huang: @dashching on Twitter: "A Tax Foundation dynamic score that no-one should pay any attention to an indication of what this bill would do for growth...

...Two major problems:

Unlike mainstream models, the Tax Foundation's ignores deficits. Would be very strange for lawmakers concerned about deficits to rely on a model that ignores them https://t.co/CUBxnAop6e.

Further, @gregleiserson has identified two major additional conceptual errors with the model https://t.co/IHv2iIYeoP, that don't seem fully resolved. These are not errors modeling specific proposals, but affect the model's results, every time it runs...