PAYGO Rules for Congressional & OMB Spending Control
Book Details
Format
Hardback or Cased Book
ISBN-10
1613240600
ISBN-13
9781613240601
Publisher
Nova Science Publishers Inc
Imprint
Nova Science Publishers Inc
Country of Manufacture
US
Country of Publication
GB
Publication Date
Aug 23rd, 2011
Print length
142 Pages
Weight
382 grams
Dimensions
23.50 x 16.00 x 1.70 cms
Product Classification:
Public administrationPublic financeConstitutional & administrative law
Ksh 25,900.00
Not available
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Quality
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This book provides a summary and legislative history of P.L. 111-139, focusing on the features of the Statutory Pay-As-You-Go (PAYGO) Act of 2010. PAYGO establishes a process intended to enforce a rule of budget neutrality on new revenue and direct spending legislation. As a budget enforcement tool, it is aimed at preventing, or at least discouraging, net deficit increases arising from the enactment of direct spending and revenue legislation. Any costs designated as emergencies are excluded from the scorecards, and significant costs associated with four specified categories of legislation may be excluded as well. The statutory PAYGO process does not address deficit increases, stemming from changes in direct spending or revenue levels, that are projected to occur under existing law.
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