Sec. 3. Distribution analysis by income and race
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Section 402 of the Congressional Budget and Impoundment Control Act of 1974 ( 2 U.S.C. 653 ) is amended— in paragraph (2), by striking and at the end; in paragraph (3), by striking the period at the end and inserting ; and ; by adding after paragraph
(3)the following: for a bill or joint resolution that has a gross budgetary effect of at least 0.1 percent of the gross domestic product of the United States in any fiscal year within the budget window— a distribution analysis by income showing the transfers that would result in dollars and as a percent change in after-tax-and-transfer income for as many years in the budget as is necessary to illustrate the anticipated effects; and a distribution analysis by race showing the transfers that would result in dollars and as a percent change in after-tax-and-transfer income for as many years in the budget as is necessary to illustrate the anticipated effects. ; and in the text following paragraph
(4)(as added by paragraph
(3)of this subsection) by striking and description and inserting description, and analyses . Section 201(f) of the Congressional Budget and Impoundment Control Act of 1974 ( 2 U.S.C. 601(f) ) is amended to read as follows: For the purposes of revenue legislation which is income, estate and gift, excise, and payroll taxes (i.e., Social Security), considered or enacted in any session of Congress, the Congressional Budget Office shall use exclusively during that session of Congress revenue estimates and distribution analyses provided to it by the Joint Committee on Taxation. During that session of Congress such revenue estimates and distribution analyses shall be transmitted by the Congressional Budget Office to any committee of the House of Representatives or the Senate requesting such estimates, and shall be used by such Committees in determining such estimates. The Budget Committees of the Senate and House shall determine all estimates with respect to scoring points of order and with respect to the execution of the purposes of this Act. .
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