Costs and Benefits of Tax Regulations: Exploring Treasury's and OMB’s New Responsibilities
Recently, the Treasury Department and the Office of Management and Budget (OMB) agreed that OMB would review tax regulations before release. The OMB Office of Information and Regulatory Affairs routinely does this type of review for other regulations, but this is new for most tax regulations. The memorandum of agreement stipulates that Treasury will prepare a cost-benefit analysis of any regulation projected to have an annual nonrevenue effect on the economy of $100 million or more. Our panel will discuss how Treasury should do the cost-benefit analyses and the implications of this set of activities.
Susan Dudley, Director, Regulatory Studies Center and Distinguished Professor, George Washington University; Former Administrator, Office of Information and Regulatory Affairs, Office of Management and Budget @SusanEDudley
Chye-Ching Huang, Director of Federal Fiscal Policy, Center on Budget and Policy Priorities @dashching
Greg Leiserson, Director of Tax Policy and Senior Economist, Washington Center for Equitable Growth @gregleiserson
Mark Mazur, Robert C. Pozen Director, Urban-Brookings Tax Policy Center @TaxPolicyCenter
David Weisbach, Walter J. Blum Professor of Law and Senior Fellow, Computation Institute of the University of Chicago and Argonne National Laboratory @UChicagoLaw