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
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