[Congressional Bills 104th Congress]
[From the U.S. Government Publishing Office]
[H. Con. Res. 170 Introduced in House (IH)]







104th CONGRESS
  2d Session
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.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                              May 2, 1996

  Mr. Campbell (for himself, Mr. Armey, Mr. Saxton, Mr. Sanford, Mr. 
   Thornberry, Mr. Ewing, Mr. Manzullo, Mr. Shays, Mr. Horn, and Mr. 
 Cunningham) submitted the following concurrent resolution; which was 
    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

_______________________________________________________________________

                         CONCURRENT RESOLUTION


 
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.

    Resolved by the House of Representatives (the Senate concurring), 

SECTION 1. SENSE OF CONGRESS.

    It is the sense of Congress that to ensure that Congress is 
presented with reliable information from the Congressional Budget 
Office 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. Specifically, the Congress intends that, while 
not excluding any other estimating method, dynamic estimating 
techniques should also be used in estimating the fiscal impact of 
proposals to change those laws, to the extent that data are available 
to permit estimates to be made in that manner.

SEC. 2. ESTIMATES OF THE JOINT COMMITTEE ON TAXATION.

    In addition to any other estimates it may prepare of any proposed 
change in Federal revenue law, a fiscal estimate should be prepared by 
the Joint Committee on Taxation of each such proposed change on the 
basis of assumptions that estimate the probable behavioral responses of 
personal and business taxpayers and other relevant entities to that 
proposed change and the dynamic macroeconomic feedback effects of that 
proposed change, and it should include a statement identifying those 
assumptions. The preceding sentence should apply only to a proposed 
change that the Joint Committee on Taxation determines, pursuant to a 
static fiscal estimate, has a fiscal impact in excess of $100,000,000 
in any fiscal year.

SEC. 3. ESTIMATES OF THE CONGRESSIONAL BUDGET OFFICE.

    In addition to any other estimates it may prepare of any proposed 
change in Federal revenue law, a fiscal estimate should be prepared by 
the Congressional Budget Office of each such proposed change on the 
basis of assumptions that estimate the probable behavioral responses of 
personal and business taxpayers and other relevant entities to that 
proposed change and the dynamic macroeconomic feedback effects of that 
proposed change, and it should include a statement identifying those 
assumptions. The preceding sentence should apply only to a proposed 
change that the Congressional Budget Office determines, pursuant to a 
static fiscal estimate, has a fiscal impact in excess of $100,000,000 
in any fiscal year.

SEC. 4. DISCLOSURE OF ASSUMPTIONS.

    Any report to Congress or the public made by the Joint Committee on 
Taxation or the Congressional Budget Office that contains an estimate 
made under this concurrent resolution of the effect that any 
legislation will have on revenues shall rely upon Congressional Budget 
Office data and shall be accompanied by a written statement fully 
disclosing the economic, technical, and behavioral assumptions that 
were made in producing that estimate.

SEC. 5. CONTRACTING AUTHORITY.

    In performing the tasks specified in sections 2 and 3, the Joint 
Committee on Taxation and the Congressional Budget Office may, subject 
to the availability of appropriations, enter into contracts with 
universities or other private or public organizations to perform such 
estimations or to develop protocols and models for making such 
estimates.
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