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:
“The Fountaine of parents duties is Love....Great reason there is why this affection should be fast fixed towards their children. For great is that paine, cost, and care, which parents must undergoe for their children. But if love be in them, no paine, paines, cost or care will seeme too much.”
—William Gouge (20th century)
“So didst thou travel on life’s common way,
In cheerful godliness; and yet thy heart
The lowliest duties on herself did lay.”
—William Wordsworth (1770–1850)
“The duty of the State toward the citizen is the duty of the servant to its master.... One of the duties of the State is that of caring for those of its citizens who find themselves the victims of such adverse circumstances as makes them unable to obtain even the necessities for mere existence without the aid of others.... To these unfortunate citizens aid must be extended by government—not as a matter of charity but as a matter of social duty.”
—Franklin D. Roosevelt (1882–1945)