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Budget Digests
Budget Digest
BUDGET DIGEST: MEMBERS’ DAY: A FORUM FOR BUDGET INSIGHTS
Tomorrow, Wednesday, March 6, at 10:00 am, the House Budget Committee will hold its annual Members’ Day hearing – a time for members of the…
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BUDGET DIGEST: THE TAX CUTS AND JOBS ACT
In December 2017, Congress passed and President Trump signed into law the Tax Cuts and Jobs Act (TCJA), the first overhaul of the nation’s tax…
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BUDGET DIGEST: BCA Budget Caps Hearing
On February 7, 2019, the House Budget Committee held a hearing entitled Investing in America’s Economic and National Security, to discuss the defense and non-defense…
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Budget Digest: BCA Budget Caps
In August of 2011, President Obama signed the Budget Control Act of 2011 (BCA) into law. The BCA established a process to increase the debt…
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BUDGET DIGEST: CBO Budget and Economic Outlook
The Congressional Budget and Impoundment Control Act of 1974 (Budget Act) requires the Congressional Budget Office (CBO) to provide the Budget Committees in both chambers…
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Macroeconomic Scoring
Macroeconomic scoring, also known as dynamic scoring, incorporates the indirect, or secondary, effects of legislation on the economy. For example, a macroeconomic score of tax…
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Mechanics of a Government Shutdown
Nearly all federal agencies rely on annual funding through appropriations made by Congress. Each year, there are 12 appropriations bills that Congress must pass and…
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House Budget Republicans 116th Congress Priorities
Ranking Member Womack addresses his priorities for the 116th congress, including Addressing Exploding Mandatory Spending, and Budget Process Reform.
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Status of Government Funding for Fiscal Year 2019
The power of the purse is the most important responsibility granted to Congress by the Constitution. In order to fund the Federal Government, Congress must…
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