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Wednesday, December 29, 2010

Revenue Estimates for Proposed Tax Reform

Maxim Shvedov
Analyst in Public Sector Economics

Jane G. Gravelle
Senior Specialist in Economic Policy

This memorandum responds to your request for updated preliminary revenue projections for your broad tax reform proposal, based on S. 1111 (110th Congress), as modified. This memorandum is designed to assist you in refining your legislative proposal. It does not analyze any legislation under current consideration.

We updated our previous estimates for the provisions of S. 1111 (with methodology described in detail in our memorandum to you of April 12, 2007) and also made adjustments for modifications to S. 1111. These estimates are unofficial, “ballpark” numbers, sensitive to many assumptions and limitations. Estimates of the proposal by the Joint Committee on Taxation (JCT) would, of course, constitute the official estimates.

Date of Report: February 19, 2010
Number of Pages: 3
Order Number: M-021910-B
Price: $19.95

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