. >> let me ask you with respect to the eitc and the refundable portions both eitc and the child tax credit, do you assume the extension of the 2001 portions of that indefinitely? >> i believe on the child cred is, yes. on eitc there are cases with respect to some of the refundable credits where the recovery act provided some additional expansions on those. we do not assume the extension ever those. just the original '01 and '03 laws. >> just to be clear, with respect to the enhancements in the child tax credit, eitc is part of the recovery act. you do not assume those? >> that's correct. >> with respect to the estate tax. do you assume repeal or do you assume an extension of the estate tax as it was in the december 2010 -- legislation? >> it's in the 2010 legislation. that's what we assumed. >> now, with respect to the economic assumptions you use. are those -- did those track? are they consistent with cbos economic assumption? >> yeah. we used the mark -- well, we used cbo's march baseline. that baseline was constructed using their january economic assumptions. that's a what we use

. >> with respect to the eitcd re eitc and the child tax credit, do you assumeensi of the 2001 portions of that indefinitely? >> i believe on the child credit yes. on eitc there are some cases with respect to some of the refundable credits where the recovery act provided some additional expansions on those. we do not ass ju the original ' laws. >> okay. just to be clear, with respect to the enhancements in the child tax credit, ei recovery act, you do not assume those? >> that's correct. >> okay. with respect to the estate tax, do you assume repeal or do you assume estate tax as it was legislatio? >> the 2010 legislation is what weassume. >> now, with respect to the economic assumptions you use, do those track?cbo's economic assumption? >> we used the -- well, we used cbo's march baseline, and was c their january economicthat's wh budget resolution for the chairman's mark. >> so let me ask you with reven projections, do you use their approach to scoring or do you use so-called dynamic scoring as part of your budget? >> we u revenue numbers from the congressional budget office. joint tax

get rid of all the tax credits except for the eitc. then eliminate virtually all the above aligned te deduction ds. this is a joint tax proposal that indicates what you have to do to make up $4.2 trillion. $4.2 trillion is the revenue lost by dropping that top rate from 35% to 25%. you obviously lose more revenue when you drop the top rate from 35% to 25%. in fact, if you extrapolate from that what you come up with is $5.2 trillion. so by dropping the top rate from 35% to 25%, you lose $5.2 trillion. now, you have said you're going to do this in a revenue neutral way. so how do you make it up? well, again, everything except for that brownish pie piece was proposed in this republican proposal that was just submitted for scoring. and you can see what you have to do. and i would ask my colleagues if that's how you're proposing to -- to get there. because the reality is if you do that, it's incredibly regressive. meaning middle income taxpayers will pay a lot more than they are today. now, how do i know that? because joint tax scored anoth