Should one of Congress’s most important offices be subject to more public disclosure?
Since 1975, the Congressional Budget Office has served as the nonpartisan research and analysis body for the legislative branch.
Whenever a bill is introduced, from the Republican tax cuts to Democrats’ health care plans, the CBO determines how much it’s likely to cost and its impact on deficits.
But while the results of their work are always public, their methodologies are not always so.
What the bill does
The CBO Show Your Work Act would require the CBO to publicly release on its website “each fiscal model, policy model, and data preparation routine… in estimating the costs and other fiscal, social, or economic effects of legislation.”
It was introduced on January 30 as bill number S. 278 by Sen. Mike Lee (R-UT).
What supporters say
Supporters argue the bill provides a necessary level of transparency which is currently lacking at the office.
“Congress does need a scorekeeper to provide budgetary estimates for the policy changes it considers,” Sen. Lee said in a press release. “But at a bare minimum, that scorekeeper should be forced to show how its models work. Currently the CBO doesn’t have to do that.”
“This bill would require the CBO to publish its data, models, and all details of computation used in its cost analysis and scoring,” Sen. Lee continued. “CBO would keep its role as official scorekeeper of congressional budget proposals — but now the American people and the economic community would be able to see what’s going on in all those spreadsheets and algorithms.”
What opponents say
Opponents counter that, while the bill’s motives sound pure, it’s actually a Republican partisan ploy to attack one of the main institutions often criticizing its policies.
Republicans were upset that the CBO projected the party’s tax cuts last Congress would create record deficits. The GOP had often portrayed the tax cuts as “paying for themselves” under the logic that the decreased revenue would be cancelled out — or more than cancelled out — by the level of increased economic growth. The CBO disagreed.
Yet so far, the CBO appears to have been correct. The deficit increased almost 17% to $779 billion the year after the tax cut took effect.
Odds of passage
The bill has currently attracted 18 Senate cosponsors, all Republicans. It awaits a potential vote in the Senate Budget Committee.
Even if the current version passes the Republican-controlled Senate, it would face an uphill battle in the Democratic-controlled House.