Senate Should Strictly Enforce Existing PAYGO Rule

WASHINGTON, DC -- The Committee for a Responsible Federal Budget called on the Senate to adhere to the limited pay-as-you-go rules currently in place.

Specifically, the Senate should not credit the "paygo scorecard" with the savings from spending reconciliation. Doing so would allow for larger tax cuts rather than ensuring that the savings be used for deficit reduction. The Committee also recommended that if Congress completes action on tax legislation early next year as Congressional leaders have stated they plan to, the costs of all tax cuts be included on the paygo scorecard.

For the full press release, please see the attached PDF file. 

Learn More About: Maya MacGuineas
Related Programs: Committee for a Responsible Federal Budget
Topics: Fiscal Policy