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  • With Fully Offset Tax Extender Bill, House Advances Important Fiscal Principle; Senate Should Follow
    Chuck Marr
    December 9, 2009

    The House tax extender bill represents a step forward in the important effort to reinstate a pay-as-you-go norm to federal legislation — a norm that played a key role in enabling the White House and Congress to turn large deficits into substantial surpluses in the 1990s The nation is on an unsustainable fiscal path, and …
  • Podcast: The Budget Reconciliation Process
    Featuring: James R. Horney
    September 15, 2009

    The budget reconciliation process in Congress is explained by Director of Federal Fiscal Policy, Jim Horney.

    Duration:  4:43

  • Ryan Substitute for Statutory Pay-As-You-Go
    James R. Horney
    July 22, 2009

    The House of Representatives is today considering legislation (H.R. 2920, as amended by a substitute proposed by Majority Leader Steny Hoyer) that would reinstate a statutory Pay-As-You-Go rule similar to the rule that helped produce the first federal budget surpluses in decades in fiscal years 1998 through 2001. Under the …
  • Podcast: Robert Greenstein Testifies Before the House Budget Committee on PAYGO Legislation
    Featuring: Robert Greenstein
    June 26, 2009

    Robert Greenstein testified June 26th on why..."pay-as-you-go discipline is important, why enactment of a statutory pay-as-you-go rule to reinforce Congressional rules can be beneficial, and why enactment of a statutory pay-as-you-go rule is not itself sufficient to achieve fiscal sustainability."

    Duration: 7:11

  • Testimony: Robert Greenstein on the “Pay As You Go” Budget Rule
    Featuring: Robert Greenstein
    Updated June 25, 2009

    Mr. Chairman, Congressman Ryan, and members of the Committee, I appreciate the opportunity to appear here today to explain why I think pay-as-you-go discipline is important, why enactment of a statutory pay-as-you-go rule to reinforce Congressional rules can be beneficial, and why enactment of a statutory pay-as-you-go rule is …
  • Joint Statement: Robert Greenstein and James Horney on the President’s “Pay As You Go” Budget Proposal
    Robert Greenstein and James R. Horney
    June 10, 2009

    President Obama’s proposal to require policymakers to fully pay for all new entitlement increases and tax cuts, rather than deficit-finance them, is an important first step to restore fiscal responsibility. Critics charge that the pay-as-you-go, or PAYGO, proposal is riddled with …
  • Scoring Health Legislation
    Paul N. Van de Water
    April 1, 2009

    The National Institute for Health Care Management Foundation has released a new edition of Expert Voices, Scoring Health Legislation by Paul N. Van de Water, PhD, Senior Fellow, Center on Budget and Policy Priorities.  The fate of legislative proposals in the U.S. Congress often hinges on how much they are estimated to increase or decrease the federal budget deficit.  Currently, the Congressional Budget Office …
  • Policy Basics: Congress's “Pay-As-You-Go” Budget Rule
    March 5, 2009

    The pay-as-you-go rule, also known as PAYGO, is designed to encourage Congress to offset the cost of any legislation that increases spending on entitlement programs or reduces revenues so it doesn’t expand the deficit. Under PAYGO, Congress must pay for such legislation by reducing other entitlement spending or increasing other revenues. …
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