Revenue Estimating Process January 2025 (January 28, 2025)
The Joint Committee On Taxation Revenue Estimating Process
The staff of the Joint Committee on Taxation provides an overview of the JCT’s revenue estimating process. This document explains what a revenue estimate relative to baseline projections measures. It briefly describes several of the staff’s microeconomic models and their underlying data and provides examples of using the models to prepare estimates. The document also describes the staff’s macroeconomic models and how these models contribute to policy analysis.
The staff of the Joint Committee on Taxation provides an overview of the JCT’s revenue estimating process. This document explains what a revenue estimate relative to baseline projections measures. It briefly describes several of the staff’s microeconomic models and their underlying data and provides examples of using the models to prepare estimates. The document also describes the staff’s macroeconomic models and how these models contribute to policy analysis.