National Evaluation of Sure Start local programmes: An economic perspective

Thus, the Alternative Scenario is better suited for analyzing the House Budget Proposal than the Extended Baseline. It provides a baseline reflecting a largely unreformed tax code and persistently worsening fiscal results stemming from the absence of any major budgetary or program reforms. 5 In short, the policy changes behind the Budget Resolution stand in very sharp contrast to an economic and fiscal world without reform. Center analysts introduced these microsimulation results into the U.S. Macroeconomic Model that has been specially adapted to work with the Alternative Fiscal Scenario. Details on how this adaptation occurred are contained in Appendix 2...