To amend the Congressional Budget Act of 1974 to require that the Director of the Congressional Budget Office and the Joint Committee on Taxation utilize dynamic scoring for provisions of bills or joint resolutions that reduce rates of taxation.
The source supplies the latest action, but no lifecycle stage.
Latest action (6 Jan 1999): Referred to the Committee on the Budget, and in addition to the Committee on 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 committee concerned.
What this bill does
H.R. 29 would amend the Congressional Budget Act of 1974 to require that whenever the Congressional Budget Office (CBO) or the Joint Committee on Taxation (JCT) estimates the budgetary effects of a bill or joint resolution that lowers a federal tax rate, they must use "dynamic scoring." This means the revenue estimate would have to account for projected macroeconomic feedback effects—such as changes in economic growth, employment, or investment—that might result from the tax rate reduction, rather than relying solely on traditional "static" estimates that assume no broader economic behavior changes. The bill also requires that any assumptions used in making such macroeconomic projections be explicitly stated. A conforming amendment adds this new requirement, as Section 204, to the table of contents of the underlying budget law.
The bill primarily affects the internal analytical procedures of CBO and JCT, the nonpartisan offices that provide official cost estimates for legislation to Congress. Indirectly, it would affect members of Congress and committees considering tax-cut legislation, since the way such bills are scored can influence perceptions of their budgetary impact and their prospects for passage.
H.R. 29 was introduced in the House on January 6, 1999, during the 106th Congress, by Rep. David Dreier, and was referred to the Committees on the Budget and on Ways and Means. It did not receive a vote and did not advance further before the end of that Congress, meaning it did not become law.
Plain-English summary generated by Bill100 AI from the official record. Always verify against the source below.
Official summary
Amends the Congressional Budget Act of 1974 to require the Director of the Congressional Budget Office or the Joint Committee on Taxation, in making estimates for any bill or joint resolution that reduces any rate of Federal taxation, to base the estimate of the effect of such rate reduction on a dynamic estimate of the changes in Federal revenues expected to result from enactment of the tax rate provisions of the legislation. Defines "dynamic estimate" as a projection based in any part on assumptions concerning probable effects of macroeconomic feedback.
Timeline
6 Jan 1999
Referred to the Committee on the Budget, and in addition to the Committee on 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 committee concerned.
Common questions
- What does H.R. 29 do?
- H.R. 29 would amend the Congressional Budget Act of 1974 to require that whenever the Congressional Budget Office (CBO) or the Joint Committee on Taxation (JCT) estimates the budgetary effects of a bill or joint resolution that lowers a federal tax rate, they must use "dynamic scoring." This means the revenue estimate would have to account for projected macroeconomic feedback effects—such as changes in economic growth, employment, or investment—that might result from the tax rate reduction, rather than relying solely on traditional "static" estimates that assume no broader economic behavior changes. The bill also requires that any assumptions used in making such macroeconomic projections be explicitly stated. A conforming amendment adds this new requirement, as Section 204, to the table of contents of the underlying budget law. The bill primarily affects the internal analytical procedures of CBO and JCT, the nonpartisan offices that provide official cost estimates for legislation to Congress. Indirectly, it would affect members of Congress and committees considering tax-cut legislation, since the way such bills are scored can influence perceptions of their budgetary impact and their prospects for passage. H.R. 29 was introduced in the House on January 6, 1999, during the 106th Congress, by Rep. David Dreier, and was referred to the Committees on the Budget and on Ways and Means. It did not receive a vote and did not advance further before the end of that Congress, meaning it did not become law.
- Has H.R. 29 become law?
- The source does not supply a confirmed lifecycle stage for H.R. 29. Check the latest action and official source below.
- Who sponsored H.R. 29?
- H.R. 29 was sponsored by Rep. Dreier, David [R-CA-28] (R-CA), with 1 cosponsor.
- What's the latest action on H.R. 29?
- Referred to the Committee on the Budget, and in addition to the Committee on 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 committee concerned. (6 Jan 1999).
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