An amendment numbered 6 printed in Part B of House Report 112-383 to require the CBO to establish a website where taxpayers could enter their annual income and receive an estimate of the amount of their projected contribution to or receipt from any applicable major bill or resolution over the next 10 years, assuming the taxpayer has constant annual income.

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   Change 1: Inserts new text on page 3, line 2

   InsertsPrinted page

   Inserted: (c) Taxpayer Receipt.--The Director shall create and maintain a permanent website with the domain name TaxpayerReceipt.gov (or a similar name if that is unavailable) and that includes a calculator that allows taxpayers to enter their annual income and receive an estimate of the amount of their projected contribution to or receipt from any applicable major bill or resolution in the budget year and the succeeding nine years, assuming the taxpayer has a constant annual income.

   Original wording

   Page 3, after line 2, insert the following:

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   Change 2: Replaces “(c)” with “(d)”

   ReplacesPage 3, line 3Printed page

   In H.R. 3582 · Reported in House

   "(b) Economic Impact.--The analysis prepared under subsection (a) shall describe the potential economic impact of the applicable major bill or resolution on major economic variables, including real gross domestic product, business investment, the capital stock, employment, and labor supply. The analysis shall also describe the potential fiscal effects of the bill or resolution, including any estimates of revenue increases or decreases resulting from changes in gross domestic product. To the extent practicable, the analysis should use a variety of economic models in order to reflect the full range of possible economic outcomes resulting from the bill or resolution. The analysis (or a technical appendix to the analysis) shall specify the economic and econometric models used, sources of data, relevant data transformations, and shall include such explanation as is necessary to make the models comprehensible to academic and public policy analysts.

   "([struck: c][inserted: d]) Definitions.--As used in this section--

   "(1) the term 'macroeconomic impact analysis' means--

   Original wording

   Page 3, line 3, strike “(c)” and insert “(d)”.

Read automatically from the Congressional Record. Check the original before relying on it.

As printed