,,ii  #aacth ,,congress  #b;d ,session  
,s4 #bcga  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,may #ba1 #bjad
 ,mr4 ,portman 7for himself1 ,mr4       
,graham1 ,mr4 ,kirk1 ,mr4 ,chambliss1   
,mr4 ,flake1 ,mr4 ,blunt1 ,mr4 ,johanns1
 ,mr4 ,inhofe1 ,mr4 ,crapo1 ,mr4 ,rubio1
 ,mr4 ,barrasso1 ,mr4 ,thune1 ,mr4      
,scott1 ,mr4 ,vitter1 ,ms4 ,ayotte1 ,mr4
 ,lee1 ,mr4 ,burr1 and ,mrs4 ,fischer7  
introduced the following bill2 which was
 read twice and referred to the         
,committee on the ,budget  ,a ,,bill    
,to amend the ,congressional ,budget    
,act of #aigd to provide for            
macroeconomic analysis of the impact of 
major revenue legislation4  #a4 ,short  
title  ,this ,act may be cited as the   
,accurate ,budgeting ,act4  #b4         
,macroeconomic impact analyses for major
 revenue legislation  7a7 ,in general   
,part ,a of title ,,iv of the           
,congressional ,budget ,act of #aigd is 
amended by adding at the end the        
following new section3  #djg4           

,macroeconomic impact analysis of major 
revenue legislation  7a7 ,joint         
,committee on ,taxation ,the ,joint     
,committee on ,taxation shall1 to the   
extent practicable1 prepare for each    
major revenue bill or resolution which  
is-- 7#a7 reported by the ,committee on 
,ways and ,means of the ,house of       
,representatives or the ,committee on   
,finance of the ,senate2 or  7#b7       
considered on the floor of the ,house of
 ,representatives or the ,senate1  as a 
supplement to estimates prepared under  
section #djb1 a macroeconomic impact    
analysis of the budgetary effects of    
such bill or resolution for the #aj     
fiscal-year period beginning with the   
first fiscal year for which an estimate 
was prepared under section #djb and each
 of the next three #aj fiscal-year      
periods4 ,to the extent practicable1 the
 ,joint ,committee on ,taxation's       
macroeconomic impact analysis shall be  
included in full as part of the         
,congressional ,budget ,office report   

accompanying such bill or resolution    
under section #djb4 ,if a macroeconomic 
impact analysis is not included as part 
of the ,congressional ,budget ,office   
report relating to a major revenue bill 
or resolution1 the ,chairman of the     
,committee reporting the bill or        
resolution shall cause the analysis to  
be entered into the ,congressional      
,record of the ,senate and ,house of    
,representatives4  7b7 ,definitions ,as 
used in this section3  7#a7             
,macroeconomic impact analysis ,the term
 macroeconomic impact analysis means--  
7,a7 an estimate of the changes in      
economic output1 employment1 interest   
rates1 capital stock1 and tax revenues  
expected to result from the revenue     
provisions in the proposal to which     
section #bja7;f7 applies2  7,b7 an      
estimate of revenue feedback expected to
 result from those revenue provisions2  
and  7,c7 a statement identifying the   
critical assumptions and the source of  
data underlying that estimate1 to the   

extent necessary to make the models     
comprehensible to academic and public   
policy analysts4  7#b7 ,major revenue   
bill or resolution ,the term major      
revenue bill or resolution means a bill1
 resolution1 or conference report for   
which-- 7,a7 either-- 7i7 the sum of the
 positive changes in revenues resulting 
from such measure 7not including the    
impact of any timing shifts for the due 
date for estimated corporate income tax 
payments7 for any fiscal year in the    
period for which an estimate is prepared
 under section #djb2 or  7ii7 the       
absolute value of the sum of the        
negative changes in revenues resulting  
from such measure 7not including the    
impact of any timing shifts for the due 
date for estimated corporate income tax 
payments7 for any fiscal year for which 
such an estimate is prepared1  is       
greater than  7,b7 #j4be percent of the 
current projected gross domestic product
 of the ,united ,states 7as determined  
by the ,bureau of ,economic ,analysis of

 the ,department of ,commerce7 for such 
fiscal year4  7#c7 ,revenue feedback    
,the term revenue feedback means changes
 in revenue resulting from changes in   
economic growth as the result of the    
enactment of any major revenue bill or  
resolution4  4  7b7 ,conforming         
amendment ,the table of contents set    
forth in section #a7;b7 of the          
,congressional ,budget and ,impoundment 
,control ,act of #aigd is amended by    
inserting after the item relating to    
section #djf the following new item3    
,sec4 #djg4 ,macroeconomic impact       
analysis of major revenue legislation4  
4