Here is an analysis of the 2001 CBO report...
CBO, LOL. I have a story for you, a true story. Do you know how CBO projections work? Don't sweat that one, it was rhetorical, I know you don't. Congress got tired of the CBO not telling them what they want to hear. Congress wanted to believe their own idiotic lies about how economics work. But the CBO kept telling them that they had to factor in that people do things like try to not pay taxes and that sort of thing in the real world. Congress kept getting mad because the CBO projections, which were based on the field of economics, didn't match what lawyers said which would happen, which was based on their being liars and idiots. So congress got frustrated.
Then Congress had an idea. Let's pass a law that the economy has to work the way we say it will!
Even they realized that might not work, so they went to the next best thing. Let's pass a law forcing the CBO to project the economy will work the way we say it will. And they did. Which is why no projection is as meaningless as a CBO projection. Here's the way it works. The CBO must project that no one will react in any way to a change in regulation or tax policy. No companies will lay anyone off. If they raise a tax by 10 times nobody will buy less of the product. Nobody will try to evade taxes or make different investment decisions because of taxes. Therefore, every tax plan will work.
Yeah, it's that stupid.
It's not. You are.
Google is not a friend of liberals. Information at anyone's finger tips immediately dispelling your lies. And your own laziness to learn anything on constant display.
Are CBO Estimates Really The Gold Standard Of Accuracy? - Forbes