So the JCT and CBO have always looked at current law as opposed to current policy, which is where they come up with their distributional effects. So, for example, The distributional effect is a 0.3% increase in resources for the bottom 10% of households and a 2.9% increase in resources for the top 10% of households. I realized Mr. Schweikart left. I thought he would have liked that I used percentages instead of dollars, that I can do both, but that, you know, the original legislation in 2017, you know, as I said before, we have a progressive tax system. (02:41–02:53)
CLAIM
Asserts specific distributional effects of a tax bill on different income groups.
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