House of Representatives

Appropriations Bill Lands With a THUD on the Floor

Yesterday, the House Transportation-Housing and Urban Development (THUD) appropriations bill was removed from floor consideration, showing a lack of consensus in Congress regarding how to live within the existing caps. The question of how the Congress should replace sequestration in a fiscally responsible manner is becoming increasingly important with this decision.

Ways and Means Begins Work on Entitlement Reform

Just as they have for tax reform, the House Ways and Means Committee has begun organizing and pressing forward on entitlement reforms, starting with a discussion draft of a proposal to switch to the chained CPI. As with all of their discussion drafts, they are allowing for public comment, in this case until August 10. The draft is a welcome entrance into the debate about how to implement the chained CPI.

Appropriations Update: Sequester Looms Large in the Process

The appropriations process is usually arduous, but this year may be even more so. The largest disagreement between the Senate and House, which is nowhere close to being solved, is how to deal with sequestration. The Senate Appropriations Committee is working from an overall funding level of $1,058 billion for FY 2014, as was set by the Budget Control Act caps without sequestration.

A Bipartisan Plan to SAVE

Recently, a bipartisan duo in the House -- Rep. Patrick Murphy (D-FL) and Rep. David Joyce (R-OH) -- introduced the SAVE Act, a bill to reduce federal government spending through reforms that would make the government more efficient. The bill includes many policies, including recommendations from the Government Accountability Office's reports on overlap or duplication in government, to reduce unnecessary spending.

Energy and Commerce Dips Its Toe Into the SGR Pool

Today, the House Energy and Commerce Committee took a small step in the process to replace the Sustainable Growth Rate (SGR) formula -- Medicare's physician payment "system" -- with a more stable and efficient alternative by issuing draft legislation. Passed in 1997, the SGR formula is a backstop for Medicare spending which adjusts physician payments based on whether the program meets certain spending targets.

House Democrats Take Another Crack at Sequester Replacement

Although efforts to replace the sequester have been on hold for a while, the House Democrats, led by House Budget Committee ranking member Chris Van Hollen (D-MD), have come out with a bill to replace the remaining 2013 and part of the 2014 sequester with $181 billion of savings over ten years. The bill is similar to one Rep.

Budget Reforms Come to the Forefront in the House Budget Committee

Last week, the House Budget Committee released a package of budget process reforms consisting of seven different pieces of legislation.

JCT Hands Out Programs for the Tax Reform Debate

As work on tax reform gets going, the Joint Committee on Taxation has provided a 568-page report laying out just about everything you need to know about the tax code. The report, provided to the House Ways and Means Committee, lays out what the current tax code looks like and where reforms could head.

Comparing the Budgets on Spending, Revenue, Deficits, and Debt

Update: This blog has been updated since its original posting to incorporate the House Democratic, Republican Study Commitee, and Senator Rand Paul (R-KY) budgets.

Republican Study Committee Adds to the Alternative Budgets

Yesterday, the House Republican Study Committee (RSC) released its "Back to Basics" budget, which aims to balance the budget in four years instead of ten years as the Ryan budget seeks to accomplish. It reaches a surplus of $22 billion in 2017 and has a ten-year surplus of $33 billion.

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