Budget Hawks Debut PAYGO Tracker ‘To Keep Lawmakers Accountable’

October 10, 2019 by Dan McCue

WASHINGTON – The Committee for a Responsible Federal Budget debuted a new tool Thursday — a PAYGO Tracker — to keep tabs on how well lawmakers are abiding by budget rules requiring new spending and tax cuts to be offset.

The tracker will be regularly updated and available here.

In a statement the self-proclaimed “budget hawks” said, “the first rule of getting out of a hole is to stop digging it deeper. Yet … lawmakers continue to regularly evade or ignore pay-as-you-go budget rules.

“The PAYGO Tracker will track ongoing and enacted legislation starting in Fiscal Year (FY) 2020 to determine the extent to which policymakers are abiding by PAYGO,” the committee continues. “We will focus on legislation that has a significant budgetary impact and receives a floor vote by at least one chamber of Congress.”

At present, PAYGO is enforced in three different ways:

  • Rules in the House and Senate require all tax and mandatory spending legislation to be offset;
  • The statutory PAYGO law requires policymakers to offset the five- and ten-year cost of any tax and mandatory spending changes in legislation over the course of a calendar year; and
  • PAYGO principles and norms encourage policymakers to ensure legislation doesn’t add to long-term deficits or rely on budget gimmicks, regardless of technicalities.

The committee says its PAYGO Tracker will highlight efforts to waive, evade, cancel, or ignore PAYGO rules, the PAYGO law, or PAYGO principles.

It goes on to say the tool will also show the scored cost or savings and total cost or savings for each bill, and include a paragraph description of the legislation and how policymakers are abiding by or circumventing PAYGO rules.

Federal Budget

US Citizenship and Immigration Services Seeks $1.2 Billion From Congress
Immigration
US Citizenship and Immigration Services Seeks $1.2 Billion From Congress

WASHINGTON — U.S. Citizenship and Immigration Services has requested $1.2 billion in emergency funding due to a drastic decline in green card and other visa applications that could drain its fee-based coffers by this summer, the agency said Monday. USCIS, the Homeland Security agency that oversees... Read More

GOP Finds Deficit-Scold Voice Again, Adding Snag to Talks on Aid
Federal Budget
GOP Finds Deficit-Scold Voice Again, Adding Snag to Talks on Aid

The flood of pandemic-relief spending from Washington has rekindled deficit concerns among Republican lawmakers, one of several hurdles facing the next round of stimulus many economists say is needed to pull the U.S. out of its downward spiral. After backing almost $3 trillion to offset the... Read More

Mnuchin Says Rising Budget Deficits to be a Focus ‘Over Time’
Federal Budget
Mnuchin Says Rising Budget Deficits to be a Focus ‘Over Time’

Treasury Secretary Steven Mnuchin said that “over time” the U.S. will need to look into the sharply rising budget deficits created by the multi-trillion-dollar coronavirus support packages. Right now “we’re in a war,” Mnuchin said on “Fox News Sunday.” “We’re going to do whatever we need”... Read More

CBO Says Coronavirus Outbreak and Response Will Quadruple the Federal Deficit
Federal Budget
CBO Says Coronavirus Outbreak and Response Will Quadruple the Federal Deficit
April 24, 2020
by Dan McCue

WASHINGTON - Due to a combination of the passage of multiple economic stimulus bills and a deep recession caused by the coronavirus outbreak, the federal deficit for the 2020 fiscal year will quadruple to $3.7 trillion, the Congressional Budget Office said Friday. In dizzying detail that... Read More

CBO: Trump’s Budget Would Add Trillions to Deficit, Even Before Coronavirus
Federal Budget
CBO: Trump’s Budget Would Add Trillions to Deficit, Even Before Coronavirus

WASHINGTON — The Trump administration’s fiscal 2021 budget request would add $5.4 trillion more to the cumulative 10-year deficit than the White House originally estimated, according to a Congressional Budget Office analysis released Monday. That would mean increased deficits during the next decade to roughly $11... Read More

Budget Hawks Urge Lawmakers to Address COVID-19 Crisis, But Heed Its Lessons
Federal Budget
Budget Hawks Urge Lawmakers to Address COVID-19 Crisis, But Heed Its Lessons
March 25, 2020
by Dan McCue

WASHINGTON - Despite the fact the White House and Senate were able to reach a deal on a roughly $2 trillion stimulus bill early Wednesday, the U.S. economy is still facing a huge shock to its system, the president of the St. Louis Federal Reserve said.... Read More

Straight From The Well
scroll top