This afternoon, the House of Representatives passed a bill to fill a long-time gap in the Congressional Budget Office's analysis of major legislative proposals: estimating the impact that new policies would have on the American economy in addition to estimating the impact on the federal budget. The bill passed by a vote of 242-179.

Three free-market organizations -- Americans for Prosperity, the American Family Business Institute, and Heritage Action for America -- released the statement below responding to the good news.

For more information on "static" versus "dynamic" budget estimates at the CBO, be sure to check out Americans for Prosperity Foundation's brief "Need to Know" memo on the topic.

Joint Statement on H.R. 3582