2014年12月10日 · The budget resolution must specify on-budget (i.e. exclusive of OASDI and USPS) federal revenues. This serves as the federal revenue baseline. The budget resolution must also specify the amount by which the resolution proposes increasing or decreasing, if at all, relative to the revenue baseline. The surplus or deficit in the budget

2021年8月9日 · The budget resolution jumps off from the budget baseline set forth by the Congressional Budget Office (CBO). Compared to CBO’s baseline, the FY2022 budget resolution assume no additional ­ on­­-budget revenues are collected over the next decade; rather, the budget resolution assumes revenues are consistent with the revenues CBO projects ...

As FY 2021 is already well underway, however, upon completion of consideration of the reconciliation measures that arise from the FY 2021 budget resolution, Congress can, and likely will, enact a FY 2022 budget resolution later in the year, and begin the budget reconciliation process anew. Conclusion

2017年1月24日 · Executive Summary Budget Reconciliation is a powerful legislative tool that can be invoked to override Senate filibusters that otherwise would require 60-vote assent or unanimity Reconciliation also faces key limitations Congress must first pass a budget resolution It can only be invoked a limited number of times under a given budget resolution once passed, for […]

2017年8月2日 · Eakinomics: The Budget Resolution and Tax Reform Talk of tax reform is heating up again. As a political matter, many believe it is necessary to put health care reform in the legislative rear-view mirror and turn to other parts of the pro-growth policy agenda. As a matter of timing, it will be important to deliver better […]

2017年10月24日 · The FY2018 Budget Resolution also includes an instruction to the Senate’s Energy and Natural Resources Committee and the House’s Natural Resources Committee to report changes in law providing at least $1 billion in deficit reduction for the period of fiscal years 2018 through 2027.

2021年7月14日 · A budget resolution can enable policymaking insofar as the budgetary levels contained in the budget resolution are established to provide “room” to adopt future policies that would change spending, revenue, debt, or deficits levels. As such, a budget resolution can be an important precursor to passing future legislation, as is contemplated now.

2018年6月19日 · The Budget Resolution assumes average annual real GDP growth of 2.6 percent over the period 2019-2028. Over the same period the CBO estimates real GDP will grow at 1.8 percent on average. The Office of Management and Budget (OMB) assumes annual real GDP growth of 3 percent in the administration’s budget.

would grow to about $77,000 in 2023. However, the budget resolution reduces debt to below 90 percent and by implication would be accompanied by incomes increasing to over $80,600 in 2023 – an income premium of over $3,700. The House Budget Committee resolution will be analyzed from many dimensions. Among the most important

2019年11月13日 · The Act requires that congressional budget resolutions incorporate debt-to-GDP ratios for each fiscal year covered by the resolution. It further requires that the CBO submit a report every two years evaluating whether the debt target for the last year of the most recently enacted budget resolution will be met.