ABSTRACT

Revenue Baseline for Tax Reform [April 14, 2017]   [open pdf - 137KB]

"Tax reform remains an issue of interest in the 115th Congress. An open policy question is whether any proposed tax reform might increase the projected budget deficit, reduce the deficit, or leave the deficit unchanged (i.e., be revenue neutral). To inform this debate, this Insight provides information on the current revenue baseline as calculated by the Congressional Budget Office (CBO). This Insight also discusses how the enactment of changes in tax policy can potentially change the baseline, and implications of these changes for subsequent legislation, such as tax reform. This Insight does not discuss the implications of certain baseline levels on the enforcement of budget rules or on the use of the budget reconciliation process for tax reform."

Report Number:
CRS Insight, IN10685
Author:
Publisher:
Date:
2017-04-14
Copyright:
Public Domain
Retrieved From:
Federation of American Scientists: http://www.fas.org/sgp/crs/index.html
Format:
pdf
Media Type:
application/pdf
URL:
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