S 287
109th Congress
Senate
Economics and Public Finance
Commerce
Congress
Congressional Budget Office
Congressional agencies
Congressional joint committees
Congressional reporting requirements
Economic forecasting
Economic impact statements
Economic research
Economic statistics
Federal budgets
Fiscal policy
Government Operations and Politics
Income tax
Joint Taxation
Legislation
Taxation
A bill to require the Congressional Budget Office and the Joint Committee on Taxation to use dynamic economic modeling in the preparation of budgetary estimates of proposed changes in Federal revenue law.
Introduced: February 3, 2005
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 3, 2005
Read twice and referred to the Committee on the Budget. (text of measure as introduced: CR S988)
Feb 3, 2005
Sponsor introductory remarks on measure. (CR S987-988)
Feb 3, 2005
Introduced in Senate
Plain-English summary
Expresses the sense of the Congress that it is necessary to ensure that the Congress is presented with reliable information from the Congressional Budget Office (CBO) and the Joint Committee on Taxation as to the dynamic macroeconomic feedback effects to changes in Federal law and the probable behavioral responses of taxpayers, businesses, and other parties to such changes.
Requires the Joint Committee and CBO to prepare fiscal estimates of each proposed change in Federal revenue law on the basis of assumptions that estimate the probable behavioral responses of personal and business taxpayers and other relevant entities to such change and its dynamic macroeconomic feedback effects. Applies such requirement only to proposed changes that, pursuant to static fiscal estimates, have a fiscal impact exceeding $250 million in any fiscal year.
What's happening now
Read twice and referred to the Committee on the Budget. (text of measure as introduced: CR S988)
Committees of jurisdiction
1
Cosponsors
1