Revenue Estimating Process February 2021 (February 24, 2021)
The staff of the Joint Committee on Taxation presents an overview of the Joint Committee staff’s revenue estimating process. The presentation answers the question, “What is a revenue estimate?” The presentation briefly reviews the Joint Committee staff’s conventional and macroeconomic models. The presentation emphasizes the importance of assessing behavioral responses to proposed changes in the Internal Revenue Code.
The presentation also provides the procedure by which a Member of Congress requests an estimate. All Member requests and any response to a Member are treated as confidential correspondence.