A bill to amend the Congressional Budget Act of 1974 to establish a process to identify and control tax expenditures.
Tax Expenditure Control Act of 1995 - Amends the Congressional Budget Act of 1974 to require the concurrent resolution on the budget to include appropriate levels for tax expenditures. Requires tax expenditure analysis in the report accompanying such resolution.
Requires reconciliation directives in such resolution to include changes in tax expenditures.
Requires the Congressional Budget Office report to congressional budget committees with respect to fiscal policy to include a discussion of alternative ways of allocating new tax expenditures.
Referred to the Subcommittee on the Legislative and Budget Process.
Introduced in Senate
Sponsor introductory remarks on measure. (CR S326-327)
Read twice and referred jointly to the Committees on Budget; Governmental Affairs pursuant to the order of August 4, 1977, with instructions that if one Committee reports, the other Committee have thirty days to report or be discharged.
Sponsor introductory remarks on measure. (CR S681-682)
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