U.S. House votes to adopt contentious changes to cost estimates

By David Lawder WASHINGTON (Reuters) – More macroeconomic projections will be included in cost estimates for major fiscal legislation in the U.S. House of Representatives under a rule change approved on Tuesday, a move critics said could mask the true impact of tax cuts. The move toward “dynamic scoring,” as the approach to gauging the budgetary effect of tax and spending changes is known, was part of a rules package passed on a 234-172 party-line vote as the Republican-controlled Congress began its work. …

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