facebook linkedin twitter

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

White House Warns That Debt Limit Showdown Could Hurt States

The White House is warning state and local governments about severe cuts to disaster relief, Medicaid, infrastructure grants. school money... Read More

The White House is warning state and local governments about severe cuts to disaster relief, Medicaid, infrastructure grants. school money and other programs if Congress fails to raise the U.S. debt limit. A fact sheet for state and local officials that was obtained by The Associated... Read More

September 13, 2021
by Reece Nations
U.S. Could Hit Debt Limit by Next Month

WASHINGTON -- The Bipartisan Policy Center, a D.C.-based think tank, released an analysis on Friday projecting that the United States’... Read More

WASHINGTON -- The Bipartisan Policy Center, a D.C.-based think tank, released an analysis on Friday projecting that the United States’ debt limit “X Date” will likely arrive between mid-October and mid-November of this year. The so-called x date represents the day on which the United States... Read More

September 9, 2021
by Dan McCue
Murphy Takes Stand: She’ll Oppose ‘Rushed’ Reconciliation Package

WASHINGTON - Rep. Stephanie Murphy, D-Fla., said Thursday that she plans to vote against the spending and tax measures currently... Read More

WASHINGTON - Rep. Stephanie Murphy, D-Fla., said Thursday that she plans to vote against the spending and tax measures currently before the House Ways and Means Committee, chiding party leaders in the process for failing to give members adequate time to assess what's being included in... Read More

September 8, 2021
by Dan McCue
Yellen Warns US May Hit Debt Limit in October

WASHINGTON -- Treasury Secretary Janet Yellen is warning Congress that she will run out of maneuvering room to prevent the... Read More

WASHINGTON -- Treasury Secretary Janet Yellen is warning Congress that she will run out of maneuvering room to prevent the U.S. from broaching the government’s borrowing limit in October. In a letter to congressional leaders on Wednesday, Yellen said that she could not provide a specific... Read More

August 27, 2021
by Tom Ramstack
$3.5 Trillion Social Benefits Resolution Gets Down to Wire

WASHINGTON -- Congressional leaders signaled Wednesday that the historic $3.5 trillion social benefits package getting its last revisions before a... Read More

WASHINGTON -- Congressional leaders signaled Wednesday that the historic $3.5 trillion social benefits package getting its last revisions before a final vote is likely to include support for more affordable housing. Housing provisions are some of the most controversial portions of the bill with Republicans calling... Read More

August 24, 2021
by Tom Ramstack
House Democrats Break Impasse to Advance $3.5T Budget Plan

WASHINGTON -- House Democrats narrowly approved a $3.5 trillion budget framework Tuesday, hours after coming to agreement with moderates whose... Read More

WASHINGTON -- House Democrats narrowly approved a $3.5 trillion budget framework Tuesday, hours after coming to agreement with moderates whose desire for an immediate vote on the Senate-passed bipartisan infrastructure bill nearly scuttled President Joe Biden's sweeping domestic agenda. In a strictly party line vote, the... Read More

News From The Well
scroll top