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Also tagged in: Budgets, Business, Congress, Congressional agencies, Congressional Budget Office, Congressional joint committees, Congressional reporting requirements, Economic forecasting, Economic impact statements, Economic policy, Economic research, Economic statistics, Federal budgets, Income tax, Joint Taxation, Legislation, Public contracts, Taxation
Latest Action: 01/09/2007 - Star Print ordered on the bill. Bill TextA bill to require the Congressional Budget Office and the Joint Committee on Taxation to use dynamic economic modeling in addition to static economic modeling in the preparation of budgetary estimates of proposed changes in Federal revenue law. 1/4/2007--Introduced. Expresses the sense of Congress that it is necessary to ensure that Congress is presented with reliable information from the Congressional Budget Office (CBO) 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. Requires the Joint Committee and CBO, using among other methods dynamic estimating techniques, to prepare fiscal estimates of each proposed change in federal revenue law on the basis of assumptions that estimate the probable behavioral responses of personal and business taxpayers and other relevant entities to such change and its dynamic macroeconomic [...] show full description
Also tagged in: Balance of payments, Budget deficits, Budget resolutions, Budgets, Congress, Congressional committees (House), Congressional committees (Senate), Congressional Record, Congressional reporting requirements, Congressional voting, Cost accounting, Economic growth, Economic impact statements, Economic policy, Entitlements, Executive departments, Expedited congressional procedure, Federal advisory bodies, Federal budget process, Federal budgets, Finance, Foreign investments, Government information, Government securities, Government spending reductions, Gross national product, House Budget, House rules and procedure, International finance, Legislation, Legislative amendments, Legislative resolutions, Public debt, Public meetings, Saving and investment, Senate Budget, Senate rules and procedure, Taxation, Trade, Welfare
Latest Action: 03/20/2007 - Sponsor introductory remarks on measure. (CR H2674, E587-588) Bill TextTo establish a commission to develop legislation designed to reform tax policy and entitlement benefit programs and ensure a sound fiscal future for the United States, and for other purposes. 1/16/2007--Introduced. Securing America's Future Economy Commission Act, or SAFE Commission Act - Establishes the Securing America's Future Economy (SAFE) Commission to develop legislation designed to address: (1) the unsustainable imbalance between long-term federal spending commitments and projected revenues; (2) increases in net national savings to provide for domestic investment and economic growth; (3) the implications of foreign ownership of federally issued debt instruments; and (4) revision of the budget process to place greater emphasis on long-term fiscal issues. Requires the Commission to: (1) develop one or two methods for estimating the cost of legislation as an alternative to the current Congressional Budget Office (CBO) method; and (2) hold at least one town-hall [...] show full description
Also tagged in: Balance of payments, Budget deficits, Budgets, Congress, Congressional committees (House), Congressional committees (Senate), Congressional Record, Congressional reporting requirements, Cost accounting, Economic growth, Economic impact statements, Economic policy, Entitlements, Executive departments, Expedited congressional procedure, Federal advisory bodies, Federal budget process, Federal budgets, Finance, Foreign investments, Government information, Government securities, Government spending reductions, House Budget, House rules and procedure, International finance, Legislation, Public meetings, Saving and investment, Senate Budget, Senate rules and procedure, Tax rates, Taxation, Trade, Welfare
Latest Action: 01/16/2007 - Referred to the Committee on the Budget, and in addition to the Committee on Rules, 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. Bill TextTo establish a commission to develop legislation designed to reform entitlement benefit programs and ensure a sound fiscal future for the United States, and for other purposes. 1/16/2007--Introduced. Commission On Reforming Entitlement Spending Act, or CORE Spending Act - Establishes the Commission On Reforming Entitlement Spending to examine the long-term fiscal challenges facing the United States and develop legislation designed to address them. Authorizes the President and the House or Senate Budget Committee to submit alternatives to the legislative proposal submitted by the Commission. Requires the Director of the Congressional Budget Office (CBO) to prepare a long-term cost estimate of legislation proposed under this Act or a related amendment, and have it published in the Congressional Record as expeditiously as possible.
Also tagged in: Budgets, Business, Congress, Congressional agencies, Congressional Budget Office, Congressional joint committees, Congressional reporting requirements, Economic forecasting, Economic impact statements, Economic policy, Economic research, Economic statistics, Federal budgets, Income tax, Joint Taxation, Legislation, Public contracts, Taxation
Latest Action: 03/29/2007 - Referred to the Committee on the Budget, and in addition to the Committees on Rules, and 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 co Bill TextTo require the Congressional Budget Office and the Joint Committee on Taxation to use dynamic economic modeling in addition to static economic modeling in the preparation of budgetary estimates of proposed changes in Federal revenue law. 3/29/2007--Introduced. Expresses the sense of Congress that it is necessary to ensure that Congress is presented with reliable information from the Congressional Budget Office (CBO) 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. Requires the Joint Committee and CBO, using among other methods dynamic estimating techniques, to prepare fiscal estimates of each proposed change in federal revenue law on the basis of assumptions that estimate the probable behavioral responses of personal and business taxpayers and other relevant entities to such change and its dynamic macroeconomic [...] show full description
Also tagged in: Administrative fees, Aged, Air cargo, Armed forces, Armed forces abroad, Aviation safety, Banks and banking, Border patrols, Budgets, Children, Collection of accounts, Community development, Congressional reporting requirements, Consumption, Counterterrorism, Criminal justice, Defense policy, Department of the Treasury, Depressed areas, Detention of persons, Earned income tax credit, Economic impact statements, Economic policy, Education, Elementary and secondary education, Elementary education, Emergency management, Emergency medicine, Excise tax, Executive departments, Executive reorganization, Families, Federal aid to law enforcement, Federal employees, Fees, Finance, Fire fighters, Foreign policy, Fraud, Government employees, Governmental investigations, Health insurance, Health policy, Higher education, Housing, Immigration, Income tax, Indexing (Economic policy), Infrastructure, Interest, International affairs, Job creation, Labor, Law, Law enforcement officers, Marine safety, Marine terminals, Medical care, Medically uninsured, Medicare, Medicine, Military pay, Minimum tax, Misconduct in office, Mortgages, National Guard, Old age, survivors and disability insurance, Paramedical personnel, Pay equity, Police, Politics and government, Progressive taxation, Public debt, Public schools, Revenue sharing, Rural affairs, Rural economic development, Sales tax, Saving and investment, Secondary education, Security measures, Social security, Social security finance, State and local government, Tax administration, Tax credits, Tax deductions, Tax exemption, Tax expenditures, Tax incentives, Tax penalties, Tax rates, Tax rebates, Taxation, Terrorism, Transportation, Turnover tax, Urban affairs, Urban economic development, Waste in government spending, Welfare
Latest Action: 05/03/2007 - Referred to the House Committee on Ways and Means. Bill TextTo require a study and comprehensive analytical report on transforming America by reforming the Federal tax code through elimination of all Federal taxes on individuals and corporations and replacing the Federal tax code with a transaction fee-based system. 5/3/2007--Introduced. Comprehensive Transform America Transaction Fee Act of 2007 - Directs the Secretary of the Treasury to conduct an in-depth study on the implementation of a transaction fee in the United States to replace all existing federal taxes. Sets forth guidelines for such study, including: (1) an identification of the transactions to which such fee would apply; (2) exclusions from such fee; (3) the rate of such fee; (4) potential uses for revenue from such fee; (5) progressivity standards; and (6) general matters, including point of liability for such fee and responsibility for collection. Requires the Secretary to report to Congress on the results of such study within one year after the enactment of [...] show full description
Also tagged in: Balance of payments, Budget deficits, Budget resolutions, Budgets, Congress, Congressional committees (House), Congressional committees (Senate), Congressional Record, Congressional reporting requirements, Congressional voting, Cost accounting, Economic growth, Economic impact statements, Economic policy, Entitlements, Executive departments, Expedited congressional procedure, Federal advisory bodies, Federal budget process, Federal budgets, Finance, Foreign investments, Government information, Government securities, Government spending reductions, Gross national product, House Budget, House rules and procedure, International finance, Legislation, Legislative amendments, Legislative resolutions, Public debt, Public meetings, Saving and investment, Senate Budget, Senate rules and procedure, Taxation, Trade, Welfare
Latest Action: 01/16/2007 - Sponsor introductory remarks on measure. (CR S599-600) Bill TextA bill to establish a commission to develop legislation designed to reform tax policy and entitlement benefit programs and to ensure a sound fiscal future for the United States, and for other purposes. 1/16/2007--Introduced. Securing America's Future Economy Commission Act, or SAFE Commission Act - Establishes the Securing America's Future Economy (SAFE) Commission to develop legislation designed to address: (1) the unsustainable imbalance between long-term federal spending commitments and projected revenues; (2) increases in net national savings to provide for domestic investment and economic growth; (3) the implications of foreign ownership of federally issued debt instruments; and (4) revision of the budget process to place greater emphasis on long-term fiscal issues. Requires the Commission to: (1) develop one or two methods for estimating the cost of legislation as an alternative to the current Congressional Budget Office (CBO) method; and (2) hold at least one [...] show full description
Also tagged in: Balance of payments, Budget deficits, Budget resolutions, Budgets, Congress, Congressional committees (House), Congressional committees (Senate), Congressional Record, Congressional reporting requirements, Congressional voting, Cost accounting, Economic growth, Economic impact statements, Economic policy, Entitlements, Executive departments, Expedited congressional procedure, Federal advisory bodies, Federal budget process, Federal budgets, Finance, Foreign investments, Government information, Government securities, Government spending reductions, Gross national product, House Budget, House rules and procedure, International finance, Legislation, Legislative amendments, Legislative resolutions, Public debt, Public meetings, Saving and investment, Senate Budget, Senate rules and procedure, Taxation, Trade, Welfare
Latest Action: 06/24/2008 - Committee Hearings Held. Bill TextTo establish a commission to develop legislation designed to reform tax policy and entitlement benefit programs and ensure a sound fiscal future for the United States, and for other purposes. 9/25/2007--Introduced. Securing America's Future Economy Commission Act, or SAFE Commission Act - Establishes the Securing America's Future Economy (SAFE) Commission to develop legislation designed to address: (1) the unsustainable imbalance between long-term federal spending commitments and projected revenues; (2) increases in net national savings to provide for domestic investment and economic growth; (3) the implications of foreign ownership of federally issued debt instruments; and (4) revision of the budget process to place greater emphasis on long-term fiscal issues. Requires the Commission to: (1) develop one or two methods for estimating the cost of legislation as an alternative to the current Congressional Budget Office (CBO) method; and (2) hold at least one town-hall [...] show full description
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Latest Legislation - View All
Also tagged in: Balance of payments, Budget deficits, Budget resolutions, Budgets, Congress, Congressional committees (House), Congressional committees (Senate), Congressional Record, Congressional reporting requirements, Congressional voting, Cost accounting, Economic growth, Economic impact statements, Economic policy, Entitlements, Executive departments, Expedited congressional procedure, Federal advisory bodies, Federal budget process, Federal budgets, Finance, Foreign investments, Government information, Government securities, Government spending reductions, Gross national product, House Budget, House rules and procedure, International finance, Legislation, Legislative amendments, Legislative resolutions, Public debt, Public meetings, Saving and investment, Senate Budget, Senate rules and procedure, Taxation, Trade, Welfare
Latest Action: 06/24/2008 - Committee Hearings Held. Bill TextTo establish a commission to develop legislation designed to reform tax policy and entitlement benefit programs and ensure a sound fiscal future for the United States, and for other purposes. 9/25/2007--Introduced. Securing America's Future Economy Commission Act, or SAFE Commission Act - Establishes the Securing America's Future Economy (SAFE) Commission to develop legislation designed to address: (1) the unsustainable imbalance between long-term federal spending commitments and projected revenues; (2) increases in net national savings to provide for domestic investment and economic growth; (3) the implications of foreign ownership of federally issued debt instruments; and (4) revision of the budget process to place greater emphasis on long-term fiscal issues. Requires the Commission to: (1) develop one or two methods for estimating the cost of legislation as an alternative to the current Congressional Budget Office (CBO) method; and (2) hold at least one town-hall [...] show full description
Also tagged in: Administrative fees, Aged, Air cargo, Armed forces, Armed forces abroad, Aviation safety, Banks and banking, Border patrols, Budgets, Children, Collection of accounts, Community development, Congressional reporting requirements, Consumption, Counterterrorism, Criminal justice, Defense policy, Department of the Treasury, Depressed areas, Detention of persons, Earned income tax credit, Economic impact statements, Economic policy, Education, Elementary and secondary education, Elementary education, Emergency management, Emergency medicine, Excise tax, Executive departments, Executive reorganization, Families, Federal aid to law enforcement, Federal employees, Fees, Finance, Fire fighters, Foreign policy, Fraud, Government employees, Governmental investigations, Health insurance, Health policy, Higher education, Housing, Immigration, Income tax, Indexing (Economic policy), Infrastructure, Interest, International affairs, Job creation, Labor, Law, Law enforcement officers, Marine safety, Marine terminals, Medical care, Medically uninsured, Medicare, Medicine, Military pay, Minimum tax, Misconduct in office, Mortgages, National Guard, Old age, survivors and disability insurance, Paramedical personnel, Pay equity, Police, Politics and government, Progressive taxation, Public debt, Public schools, Revenue sharing, Rural affairs, Rural economic development, Sales tax, Saving and investment, Secondary education, Security measures, Social security, Social security finance, State and local government, Tax administration, Tax credits, Tax deductions, Tax exemption, Tax expenditures, Tax incentives, Tax penalties, Tax rates, Tax rebates, Taxation, Terrorism, Transportation, Turnover tax, Urban affairs, Urban economic development, Waste in government spending, Welfare
Latest Action: 05/03/2007 - Referred to the House Committee on Ways and Means. Bill TextTo require a study and comprehensive analytical report on transforming America by reforming the Federal tax code through elimination of all Federal taxes on individuals and corporations and replacing the Federal tax code with a transaction fee-based system. 5/3/2007--Introduced. Comprehensive Transform America Transaction Fee Act of 2007 - Directs the Secretary of the Treasury to conduct an in-depth study on the implementation of a transaction fee in the United States to replace all existing federal taxes. Sets forth guidelines for such study, including: (1) an identification of the transactions to which such fee would apply; (2) exclusions from such fee; (3) the rate of such fee; (4) potential uses for revenue from such fee; (5) progressivity standards; and (6) general matters, including point of liability for such fee and responsibility for collection. Requires the Secretary to report to Congress on the results of such study within one year after the enactment of [...] show full description
Also tagged in: Budgets, Business, Congress, Congressional agencies, Congressional Budget Office, Congressional joint committees, Congressional reporting requirements, Economic forecasting, Economic impact statements, Economic policy, Economic research, Economic statistics, Federal budgets, Income tax, Joint Taxation, Legislation, Public contracts, Taxation
Latest Action: 03/29/2007 - Referred to the Committee on the Budget, and in addition to the Committees on Rules, and 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 co Bill TextTo require the Congressional Budget Office and the Joint Committee on Taxation to use dynamic economic modeling in addition to static economic modeling in the preparation of budgetary estimates of proposed changes in Federal revenue law. 3/29/2007--Introduced. Expresses the sense of Congress that it is necessary to ensure that Congress is presented with reliable information from the Congressional Budget Office (CBO) 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. Requires the Joint Committee and CBO, using among other methods dynamic estimating techniques, to prepare fiscal estimates of each proposed change in federal revenue law on the basis of assumptions that estimate the probable behavioral responses of personal and business taxpayers and other relevant entities to such change and its dynamic macroeconomic [...] show full description
Also tagged in: Balance of payments, Budget deficits, Budgets, Congress, Congressional committees (House), Congressional committees (Senate), Congressional Record, Congressional reporting requirements, Cost accounting, Economic growth, Economic impact statements, Economic policy, Entitlements, Executive departments, Expedited congressional procedure, Federal advisory bodies, Federal budget process, Federal budgets, Finance, Foreign investments, Government information, Government securities, Government spending reductions, House Budget, House rules and procedure, International finance, Legislation, Public meetings, Saving and investment, Senate Budget, Senate rules and procedure, Tax rates, Taxation, Trade, Welfare
Latest Action: 01/16/2007 - Referred to the Committee on the Budget, and in addition to the Committee on Rules, 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. Bill TextTo establish a commission to develop legislation designed to reform entitlement benefit programs and ensure a sound fiscal future for the United States, and for other purposes. 1/16/2007--Introduced. Commission On Reforming Entitlement Spending Act, or CORE Spending Act - Establishes the Commission On Reforming Entitlement Spending to examine the long-term fiscal challenges facing the United States and develop legislation designed to address them. Authorizes the President and the House or Senate Budget Committee to submit alternatives to the legislative proposal submitted by the Commission. Requires the Director of the Congressional Budget Office (CBO) to prepare a long-term cost estimate of legislation proposed under this Act or a related amendment, and have it published in the Congressional Record as expeditiously as possible.
Also tagged in: Balance of payments, Budget deficits, Budget resolutions, Budgets, Congress, Congressional committees (House), Congressional committees (Senate), Congressional Record, Congressional reporting requirements, Congressional voting, Cost accounting, Economic growth, Economic impact statements, Economic policy, Entitlements, Executive departments, Expedited congressional procedure, Federal advisory bodies, Federal budget process, Federal budgets, Finance, Foreign investments, Government information, Government securities, Government spending reductions, Gross national product, House Budget, House rules and procedure, International finance, Legislation, Legislative amendments, Legislative resolutions, Public debt, Public meetings, Saving and investment, Senate Budget, Senate rules and procedure, Taxation, Trade, Welfare
Latest Action: 01/16/2007 - Sponsor introductory remarks on measure. (CR S599-600) Bill TextA bill to establish a commission to develop legislation designed to reform tax policy and entitlement benefit programs and to ensure a sound fiscal future for the United States, and for other purposes. 1/16/2007--Introduced. Securing America's Future Economy Commission Act, or SAFE Commission Act - Establishes the Securing America's Future Economy (SAFE) Commission to develop legislation designed to address: (1) the unsustainable imbalance between long-term federal spending commitments and projected revenues; (2) increases in net national savings to provide for domestic investment and economic growth; (3) the implications of foreign ownership of federally issued debt instruments; and (4) revision of the budget process to place greater emphasis on long-term fiscal issues. Requires the Commission to: (1) develop one or two methods for estimating the cost of legislation as an alternative to the current Congressional Budget Office (CBO) method; and (2) hold at least one [...] show full description
Also tagged in: Balance of payments, Budget deficits, Budget resolutions, Budgets, Congress, Congressional committees (House), Congressional committees (Senate), Congressional Record, Congressional reporting requirements, Congressional voting, Cost accounting, Economic growth, Economic impact statements, Economic policy, Entitlements, Executive departments, Expedited congressional procedure, Federal advisory bodies, Federal budget process, Federal budgets, Finance, Foreign investments, Government information, Government securities, Government spending reductions, Gross national product, House Budget, House rules and procedure, International finance, Legislation, Legislative amendments, Legislative resolutions, Public debt, Public meetings, Saving and investment, Senate Budget, Senate rules and procedure, Taxation, Trade, Welfare
Latest Action: 03/20/2007 - Sponsor introductory remarks on measure. (CR H2674, E587-588) Bill TextTo establish a commission to develop legislation designed to reform tax policy and entitlement benefit programs and ensure a sound fiscal future for the United States, and for other purposes. 1/16/2007--Introduced. Securing America's Future Economy Commission Act, or SAFE Commission Act - Establishes the Securing America's Future Economy (SAFE) Commission to develop legislation designed to address: (1) the unsustainable imbalance between long-term federal spending commitments and projected revenues; (2) increases in net national savings to provide for domestic investment and economic growth; (3) the implications of foreign ownership of federally issued debt instruments; and (4) revision of the budget process to place greater emphasis on long-term fiscal issues. Requires the Commission to: (1) develop one or two methods for estimating the cost of legislation as an alternative to the current Congressional Budget Office (CBO) method; and (2) hold at least one town-hall [...] show full description
Also tagged in: Budgets, Business, Congress, Congressional agencies, Congressional Budget Office, Congressional joint committees, Congressional reporting requirements, Economic forecasting, Economic impact statements, Economic policy, Economic research, Economic statistics, Federal budgets, Income tax, Joint Taxation, Legislation, Public contracts, Taxation
Latest Action: 01/09/2007 - Star Print ordered on the bill. Bill TextA bill to require the Congressional Budget Office and the Joint Committee on Taxation to use dynamic economic modeling in addition to static economic modeling in the preparation of budgetary estimates of proposed changes in Federal revenue law. 1/4/2007--Introduced. Expresses the sense of Congress that it is necessary to ensure that Congress is presented with reliable information from the Congressional Budget Office (CBO) 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. Requires the Joint Committee and CBO, using among other methods dynamic estimating techniques, to prepare fiscal estimates of each proposed change in federal revenue law on the basis of assumptions that estimate the probable behavioral responses of personal and business taxpayers and other relevant entities to such change and its dynamic macroeconomic [...] show full description
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