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It repeals credits for enhanced oil recovery and production from marginal wells, but those items have virtually no revenue effect.
From his PC, Larry Carter, the chief financial officer, can analyse the net revenue effect of every customer order.
It was not that the revenue estimators believed that there would be no revenue effect from the economic stimulus of a tax reduction.
To find the 10 largest cuts, we relied on the average revenue effect of the bill in its first two years, based on a 2013 Treasury Department analysis.
When the International Monetary Fund recently compared Bush's fiscal record with Reagan's, it concluded that "the revenue effect of the Reagan tax cuts was considerably smaller than in the current period".
Comparing the revenue effect of a cut in the capital gains tax to the effect of an across-the-board tax cut on all forms of income is grossly inappropriate.
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Note: Most estimates are 10-year revenue effects without factoring in government spending, known as outlays.
There is also the question of the appropriate time period over which to estimate revenue effects.
This paper examines this debate and attempts to determine the revenue effects of the proposed tariff changes.
In principle we should want the revenue effects of tax changes to be calculated as accurately as possible, including their impact on the macroeconomy.
Democrats largely ignored the effort, and passed up a chance last spring to recommend economists to an advisory panel set up by the committee to help develop a computer model to evaluate the economic and revenue effects of tax cuts.
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