Members of the congressional Joint Select Committee on Budget and Appropriations Process Reform are considering biennial budgeting preparing a budget for a two-year period as a possible reform of the congressional budget process. Proponents advocate the change to provide greater certainty over appropriations to free up time for congressional agency oversight and to increase the likelihood that Congress will complete the budgeting process on time.
Public-private competition can lay the groundwork for changes inrevenue-estimating transparency practices, but Congress can set therules, and a Blue Ribbon Commission sponsored by a governmentagency, nonprofit group, or accounting or law firm might also beuseful. One thing is sure: Change in revenue-estimatingtransparency is needed at both the Treasury Department and theJoint Committee on Taxation.