The design of tax policy is one of the responsibilities of economists who work at the
A)Council of Economic Advisers.
B)Federal Reserve.
C)Department of the Treasury.
D)Congressional Budget Office.

Question

Quizplus · Accepted Answer

The Department of the Treasury is responsible for developing and recommending tax policy to the President, and houses the Office of Tax Policy where economists work on tax policy design. The Council of Economic Advisers advises the President on economic policy, including tax policy, but does not actually design tax policy. The Federal Reserve is primarily responsible for monetary policy, and while it does have some impact on tax policy through its management of interest rates, it does not design tax policy. The Congressional Budget Office provides economic analysis to Congress and may offer recommendations on tax policy, but again, does not actually design tax policy.

The Design of Tax Policy Is One of the Responsibilities