,i #aaeth ,,congress #ast ,session ,h4 ,r4 #djhe ,,in ,,the ,,house ,,of ,,representatives ,october #ai1 #bjag,mr4 ,ruppersberger introduced the following bill2 which was referred to the ,committee on ,ways and ,means ,a ,,bill ,to require the ,joint ,committee on ,taxation to provide a distributional analysis1 and analysis of effects on after-tax wage income1 of major tax legislation4 #a4 ,short title ,this ,act may be cited as the ,tax ,policy ,transparency ,act4 #b4 ,distributional analysis1 and analysis of effect on after-tax wage income1 of major tax legislation 7a7 ,in general ,in the case of any major tax legislation1 the ,joint ,committee on ,taxation shall 7at the same time as the ,joint ,committee on ,taxation provides an estimate of such legislation to the ,director of the ,congressional ,budget ,office under section #bja7;f7 of the ,congressional ,budget ,act of #aigd7 make publicly available-- 7#a7 a distributional analysis of such legislation2 7#b7 a dynamic distributional after-tax wage income analysis of such legislation2 and 7#c7 a written summary of the results of the analyses under paragraphs 7#a7 and 7#b71 including a written summary comparing the aggregate effects of such legislation among the income categories referred to in subsection 7b74 7b7 ,distributional analysis ,the distributional analysis referred to in subsection 7a77#a7 shall be prepared in the same manner1 shall cover the same time periods relative to the time of the consideration of the legislation1 and shall use the same income categories and income concept1 as the analysis of distributional effects provided in the ,committee ,print of the ,joint ,committee on ,taxation titled ,technical explanation1 estimated revenue effects1 distributional analysis1 and macroeconomic analysis of the ,tax ,reform ,act of #bjad1 a discussion draft of the ,chairman of the ,house ,committee on ,ways and ,means to reform the ,internal ,revenue ,code 7,,jcs-#a-ad74 7c7 ,dynamic distributional after-,tax wage income analysis ,the dynamic distributional after-tax wage income analysis referred to in subsection 7a77#b7 shall provide an analysis of the anticipated effects of the legislation on after-tax wage income of individuals-- 7#a7 separately on the basis of the income categories referred to in subsection 7b72 7#b7 covering the same time periods as the analysis described in subsection 7b72 and 7#c7 after taking into account the budgetary effects of changes in economic output1 employment1 capital stock1 and other macroeconomic variables resulting from such legislation4 7d7 ,major tax legislation ,for purposes of this section1 the term major tax legislation means any legislation if the estimate provided by the ,joint ,committee on ,taxation to the ,director of the ,congressional ,budget ,office under section #bja7;f7 of the ,congressional ,budget ,act of #aigd with respect to such legislation incorporates the budgetary effects of changes in economic output1 employment1 capital stock1 and other macroeconomic variables resulting from such legislation4 7e7 ,annual updates ,in the case of any major tax legislation to which subsection 7a7 applies and which is enacted into law1 the ,joint ,committee on ,taxation shall annually 7with respect to each of the #aj fiscal years beginning after the date of the enactment of such legislation7 submit to ,congress revised estimates of the information described in subsection 7a7 with respect to such law as so enacted4