The Budget Process and the 'Sunset' Provision of the 2001 Tax Law
Michael W. Evans
Preston Gates Ellis & Rouvelas Meeds
Tax Notes, Vol. 99, No. 3, April 21, 2003
In this article, Evans explains the development of the sunset provision of the 2001 tax law, pursuant to which all of the tax cuts in that law expire at the end of 2010. He begins by describing the operation of the Congressional Budget Act, and how it modifies the ordinary rules of Senate debate. Then he describes the development of the Senate's Byrd rule, focusing on subparagraph (E), which creates a point of order against provisions that reduce revenue in later years. Finally, he describes the development of the 2001 Act, in which he says there was an inextricable connection between the budget reconciliation process and the Byrd rule that led to the inclusion of the sunset provision.
Date posted: April 18, 2003
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