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H.R. 6169, the Pathway to Job Creation through a Simpler, Fairer Tax Code Act of 2012 [1] (July 26, 2012)

handle is hein.congrec/cbo10865 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE
COST ESTIMATE
July 26, 2012
H.R. 6169
Pathway to Job Creation through Simpler,
Fairer Tax Code Act of 2012
As ordered reported by the House Committee on the Rules on July 26, 2012
H.R. 6169 would specify expedited procedures for Congressional consideration of certain
tax-related legislation in the 113th Congress. To be eligible for such expedited
procedures, tax legislation must be introduced by the House Committee on Ways and
Means by April 30, 2013, and make specific changes to tax laws as detailed by
H.R. 6169. In particular, the legislation must consolidate the current six income tax
brackets for individuals, reduce the corporate tax rate to no more than 25 percent, repeal
the Alternative Minimum Tax, broaden the tax base to maintain current revenue levels,
and make certain other changes.
CBO estimates that enacting H.R. 6169 by itself would have no significant impact on the
federal budget. Enacting H.R. 6169 would not directly affect revenues or direct spending;
therefore, pay-as-you-go procedures do not apply. Any changes to tax laws considered
under the procedures specified by H.R. 6169 would depend on future Congressional
actions.
H.R. 6169 contains no intergovernmental or private-sector mandates as defined in the
Unfunded Mandates Reform Act.
The CBO staff contact for this estimate is Matthew Pickford. This estimate was approved
by Theresa Gullo, Deputy Assistant Director for Budget Analysis.

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