Duties
The duties of the Joint Committee are:
- Investigating the operation, effects, and administration of internal revenue taxes
- Investigate measures and methods for the simplification of taxes
- Make reports on the results of those investigations and studies and make recommendations
- Review any proposed refund or credit of taxes in excess of $2,000,000.
With respect to the estimation of revenues for Congress, the Joint Committee serves a purpose parallel to that of the Congressional Budget Office for the estimation of spending for Congress, the Department of the Treasury for the estimation of revenues for the executive branch, and the Office of Management of Budget for the estimation of spending for the executive branch.
Read more about this topic: United States Congress Joint Committee On Taxation
Famous quotes containing the word duties:
“What between the duties expected of one during one’s lifetime, and the duties exacted from one after one’s death, land has ceased to be either a profit or a pleasure. It gives one position, and prevents one from keeping it up. That’s all that can be said about land.”
—Oscar Wilde (1854–1900)
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—William Shakespeare (1564–1616)
“The deadly monotony of Christian country life where there are no beggars to feed, no drunkards to credit, which are among the moral duties of Christians in cities, leads as naturally to the outvent of what Methodists call “revivals” as did the backslidings of the people in those days.”
—Corra May Harris (1869–1935)