@pdriessentax As I recall, JCT just assumed a 10-year long run, to phase in a transition from short-run to long-run in the 10-year budget window. I do not think JCT based its 10 years on any empircal evidence. (I've looked for work on the long run, but never found any.)
@George_A_Callas And here we return to my question for your original post: why do you believe Virginia legislators acted in bad faith. Why do you believe the Virginia Constituion is unambiguous. 3 dissenting Virginia justices, and many Democrats, including me, believe otherwise.
@George_A_Callas But I also accept there is some ambiguity on the term "election," with no direct precedent. That said, a majority of Virginia voters, and two different Virginia assemblies embraced redistricting. I would defer to the voters and their elected representatives.
@George_A_Callas 3 million Virginia voters went to the polls, after weeks of debate and tens of millions of dollars of political expenditures. And then 4 Virginia justices decided their votes don't count, wielding a strained interpretation of the Virginia Constitution. That's disenfranchisement.
@George_A_Callas Since when do Republicans exalt Constitutional "purpose" over Constitutional language? To me, four Virginia justices stretched the term "election" to cover early voting periods. And overrode two different Virginia legislative assemblies, before and after the election day.
@George_A_Callas That said, I think Virginia's appeal to the U.S. Supreme Court was pointless. Perhaps Virginia wanted to lose its "independent state legislature" argument. But the Court still might adopt this argument later if made by Republicans/Trump. https://t.co/kaufdu9muN
@George_A_Callas The decision by Virginia Supreme Court was 4-3, and turned on a strained reading of the date of Virginia's earlier election. Why do you assert the Virginia legislators acted in bad faith?
@Andy_Bloch I could not understand how anyone could play a card game without counting the cards (I played a lot of bridge --and studied math, and later law, at Berkeley). So, I felt good, but the signs that said card cheats and card counters would be expelled were intimidating.
@Andy_Bloch No, but I worried about it (I was young). I played smaller stakes and trippled or quadrupled my bets with positive counts. Lots of opportunities with a single and double decks, but I quit playing after the shift to 4- and 6-deck shoes.
@johnarnold@dicktofel Similar problem with the structure of legal analysis: a statement of facts, a statement of law and, finally, application of law to facts. @howard_gleckman, our editor at @TaxPolicyCenter, trained me to flip this order.
@kpomerleau Ok, our corporate tax still departs from a cash flow tax. But itβs moved that direction over the last 10 years. So, directionally, shouldnβt we raise corporate rates? Arenβt Fox/Liscow correct? https://t.co/s83pPPvTJ4