Providing a sense of Congress that the Congressional Budget Office and the Joint Committee on Taxation should use dynamic economic modeling in addition to static economic modeling in the preparation of budgetary estimates of proposed changes in Federal revenue law.

[AI summary unavailable — showing source text] Declares that, in addition to other estimates, the Joint Committee on Taxation and the Congressional Budget Office should: (1) prepare a fiscal estimate of each proposed change in Federal law (having an impact over $1 million in any year) on the basis of assumptions that estimate the probable behavioral responses of personal and business taxpayers and other entities and the dynamic macro-economic feedback effects of the change; and (2) identify those assumptions.…