H.Con.Res. 170 — Providing a sense of Congress that the Congressional Budget Office and the Joint Committee on Taxation should use dynamic economic modeling in addition to static economic modeling in the preparation of budgetary estimates of proposed changes in Federal revenue law. | PoliFocus

H.Con.Res. 170104th Congress

Providing a sense of Congress that the Congressional Budget Office and the Joint Committee on Taxation should use dynamic economic modeling in addition to static economic modeling in the preparation of budgetary estimates of proposed changes in Federal revenue law.

Subjects

Economics and Public Finance

Summary

Declares that, in addition to other estimates, the Joint Committee on Taxation and the Congressional Budget Office should: (1) prepare a fiscal estimate of each proposed change in Federal law (having an impact over $1 million in any year) on the basis of assumptions that estimate the probable behavioral responses of personal and business taxpayers and other entities and the dynamic macro-economic feedback effects of the change; and (2) identify those assumptions.

Full Text

Legislative Actions

1996-05-02
Introduced in House
1996-05-02
Introduced in House
1996-05-02
Sponsor introductory remarks on measure. (CR E701)
1996-05-02
Referred to the Committee on the Budget, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
1996-05-02
Referred to the Committee on the Budget, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
1996-05-02
Referred to the Committee on the Budget, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

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