3.0.0 2518 2023-01-11T13:15:24Z 2023-01-11T13:15:24Z Senate S S 2007-12-18 110 ssfi00 Finance Committee Senate Standing Referred to 2007-12-19T02:56:42Z A bill to establish a Commission on Congressional Budgetary Accountability and Review of Federal Agencies. 110 1935 S 2007-08-02 Read twice and referred to the Committee on Homeland Security and Governmental Affairs. Related bill CRS 2007-12-18 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2007-12-18 Introduced in Senate IntroReferral 10000 9 Library of Congress B000953 Sen. Brownback, Sam [R-KS] SAM BROWNBACK R KS N Taxation Congress Congressional reporting requirements Economics and Public Finance Expedited congressional procedure Federal advisory bodies Government Operations and Politics Income tax Legislation Performance measurement Tax credits Tax rates Tax simplification Taxation 00 2007-12-18 Introduced in Senate 2008-01-11T19:22:15Z Freedom to Choose Tax Reform Act of 2007 - Amends the Internal Revenue Code to allow individual taxpayers an election to choose an alternative income tax system, in lieu of the current tax system. Provides for two tax brackets of 10 and 23%. Eliminates all existing tax credits, but allows a $1,000 freedom to choose tax reform individual tax credit and a credit for overpayment of tax.

Establishes the Commission on Congressional Budgetary Accountability and Review of Federal Agencies. Directs the President to: (1) designate two Commission co-chairpersons; (2) establish a systematic method for assessing the effectiveness and accountability of federal agency programs; (3) divide such programs into four equal budgetary parts; (4) submit to the Commission annual assessments of the programs within each part (one each year) that use such method; and (5) identify common performance measures for programs having similar functions and provide the Commission with data on such measures.

Requires the Commission to: (1) evaluate executive agencies and their programs identified in each assessment; (2) consider submitted assessments in evaluating programs; and (3) submit to Congress each of the next four years a plan recommending agencies and programs that should be realigned or eliminated and proposing implementing legislation. Provides for expedited consideration of such legislation.

]]> Freedom to Choose Tax Reform Act of 2007 Display Title Freedom to Choose Tax Reform Act of 2007 Short Titles as Introduced Freedom to Choose Tax Reform Act of 2007 Official Title as Introduced A bill to amend the Internal Revenue Code of 1986 to simplify the individual income tax by providing an election for eligible individuals to only be subject to a simple, low-rate tax system on gross income with an individual tax credit, and for other purposes. Introduced in Senate 2007-12-18T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110s2518is/xml/BILLS-110s2518is.xml 2007-12-18 Read twice and referred to the Committee on Finance. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.