PAYGO & CUTGO
Latest
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President's Advisors Recommend Veto of Unoffset Tax Bill
The White House issued a Statement of Administration Policy (SAP) yesterday in opposition to the extension and expansion of the Research &...
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Understanding the Difference Between Temporary and Permanent in Budget Scoring
This week, Congress will continue to deliberate if and how to continue the “ tax extenders” which expired at the end of 2013. In doing so, both the...
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Lawmakers Must Abide by PAYGO...Here's Why
In recent weeks, we've used our blog to call for strict adherence to pay-as-you-go (PAYGO) principles for extending emergency unemployment benefits...
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A Special 10/40
In the spirit of Tax Day today the Bottom Line presents its own special “10/40” (don’t worry; we aren’t filing this with the IRS). Just saying the...
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Sen. Franken Introduces Measure to Pay for Future Wars
Today, Sen. Al Franken (D-MN) introduced legislation to require Congress to offset war costs with other tax or spending changes. The bill, the Pay for...
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PAYGO Annual Report Shows Glaring Exemptions
OMB recently released an annual report on PAYGO, showing the budgetary impacts of PAYGO legislation, current policy exemptions, and exemptions for...
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House Takes Early Steps on Deficit Reduction
The 112th Congress has moved quickly to signal a new focus on fiscal responsibility and attention to our ballooning national debt. As Congress...
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House Set to Pass New Rules
Last night, the House Republican conference approved a new set of rules -- making some big changes to several budgetary rules currently in place. The...
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Have No Fear, CRFB Is Here!
Noted economist Brad DeLong is asking: where are the technocrats of the center? In a recent blog post, he laments the lack of a concrete plan among...
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Pay As You Go and the Tax Cuts
Continuing in our discussion of (what we believe to be the most important!) Ten Questions to Ask the Candidates leading up to this coming Tuesday's...
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‘Line’ Items: (Fiscal) New Year’s (Lack of) Resolutions Edition
Should Old Performance be Forgot, and Never Brought to Mind? – The new fiscal year (2011) began on Friday. Instead of imbibing in champagne, CRFB...
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The Importance of PAYGO
The Wall Street Journal reports that a package of tax extenders might have a harder time getting by the PAYGO regime. Since the planned offsets were...