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Pro-Growth Budgeting Act Of 2013 (H.R. 1874; 113th Congress)
The Pro-Growth Budgeting Act of 2013 () is a bill that would require the Congressional Budget Office to provide a macroeconomic impact analysis for bills that are estimated to have a large budgetary effect. The bill was introduced into the United States House of Representatives during the 113th United States Congress. The Pro-Growth Budgeting Act of 2013 was introduced at the same time as the Baseline Reform Act of 2013 (H.R. 1871; 113th Congress) and the Budget and Accounting Transparency Act of 2014 (H.R. 1872; 113th Congress) as a package of budget reform bills. Provisions of the bill ''This summary is based largely on the summary provided by the Congressional Research Service, a public domain source.'' The Pro-Growth Budgeting Act of 2013 would amend the Congressional Budget Act of 1974 (CBA) to require the Congressional Budget Office (CBO) to prepare for each major bill or resolution reported by any congressional committee (except the congressional appropriations committee ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tom Price (American Politician)
Thomas Edmunds Price (born October 8, 1954) is an American physician and Republican Party politician who served as the U.S. representative for , encompassing the northern suburbs of Atlanta, from 2005 to 2017. He was appointed Secretary of Health and Human Services by President Donald Trump and served in that role from February to September 2017. On September 29, 2017, he resigned as head of HHS following criticism of his use of private charters and military aircraft for travel. In July 2018, the HHS inspector general urged the HHS to recoup at least $341,000 from Price for wasteful expenditures. While in Congress, Price chaired the House Committee on the Budget, Republican Study Committee and Republican Policy Committee. Early life, education, and medical career Price was born in Lansing, Michigan, and grew up in Dearborn, where he attended Adams Jr. High and Dearborn High School. Price's father and grandfather were both doctors. As a child, Price occasionally accompanie ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fiscal Year
A fiscal year (or financial year, or sometimes budget year) is used in government accounting, which varies between countries, and for budget purposes. It is also used for financial reporting by businesses and other organizations. Laws in many jurisdictions require company financial reports to be prepared and published on an annual basis but generally not the reporting period to align with the calendar year (1 January to 31 December). Taxation laws generally require accounting records to be maintained and taxes calculated on an annual basis, which usually corresponds to the fiscal year used for government purposes. The calculation of tax on an annual basis is especially relevant for direct taxes, such as income tax. Many annual government fees—such as council tax and license fees, are also levied on a fiscal year basis, but others are charged on an anniversary basis. Some companies, such as Cisco Systems, end their fiscal year on the same day of the week each year: the day ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Bills In The 113th United States Congress
The bills of the 113th United States Congress list includes proposed federal laws that were introduced in the 113th United States Congress. This Congress lasted from January 3, 2013, to January 3, 2015. The United States Congress is the bicameral legislature of the federal government of the United States consisting of two houses: the lower house known as the House of Representatives and the upper house known as the Senate. The House and Senate are equal partners in the legislative process—legislation cannot be enacted without the consent of both chambers. The bills listed below are arranged on the basis of which chamber they were first introduced in, and then chronologically by date. Once a bill is approved by one house, it is sent to the other which may pass, reject, or amend it. For the bill to become law, both houses must agree to identical versions of the bill. After passage by both houses, a bill is enrolled and sent to the president for signature or veto. Bills from ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Trickle-down Economics
Trickle-down economics is a term used in critical references to economic policies that favor the upper income brackets, corporations, and individuals with substantial wealth or capital. In recent history, the term has been used by critics of supply-side economics. Whereas general supply-side theory favors lowering taxes overall, trickle-down theory more specifically advocates for a lower tax burden on the upper end of the economic spectrum. Major examples of US Republicans supporting what critics call "trickle-down economics" include the Reagan tax cuts, the Bush tax cuts and the Tax Cuts and Jobs Act of 2017. In each of the aforementioned tax reforms, taxes were cut across all income brackets, but the biggest reductions were given to the highest income earners, although the Reagan Era tax reforms also introduced the earned income tax credit which has received bipartisan praise for poverty reduction and is largely why the bottom half of workers pay no federal income tax. S ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dynamic Scoring
Dynamic scoring is a forecasting technique for government revenues, expenditures, and budget deficits that incorporates predictions about the behavior of people and organizations based on changes in fiscal policy, usually tax rates. Dynamic scoring depends on models of the behavior of economic agents which predict how they would react once the tax rate or other policy change goes into effect. This means the uncertainty induced in predictions is greater to the degree that the proposed policy is unlike current policy. Unfortunately, any such model depends heavily on judgment, and there is no evidence that it is more effective or accurate. For example, a dynamic scoring model may include econometric model of a transitional phase as the population adapts to the new policy, rather than the so-called static-scoring alternative of standard assumption about behavior of people being immediately and directly sensitive to prices. The outcome of the dynamic analysis is therefore heavily dep ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Americans For Prosperity
Americans for Prosperity (AFP), founded in 2004, is a libertarian conservative political advocacy group in the United States funded by Charles Koch and formerly his brother David. As the Koch brothers' primary political advocacy group, it is one of the most influential American conservative organizations. After the 2009 inauguration of President Barack Obama, AFP helped transform the Tea Party movement into a political force. It organized significant opposition to Obama administration initiatives such as global warming regulation, the Patient Protection and Affordable Care Act, the expansion of Medicaid and economic stimulus. It helped turn back cap and trade, the major environmental proposal of Obama's first term. AFP advocated for limits on the collective bargaining rights of public-sector trade unions and for right-to-work laws, and it opposed raising the federal minimum wage. AFP played an active role in the achievement of the Republican majority in the House of Represent ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Paul Ryan
Paul Davis Ryan (born January 29, 1970) is an American former politician who served as the 54th speaker of the United States House of Representatives from 2015 to 2019. A member of the Republican Party, he was the vice presidential nominee in the 2012 election running alongside Mitt Romney, but lost to incumbent president Barack Obama and then-vice president Joe Biden. Ryan is a native of Janesville, Wisconsin and graduated from Miami University in 1992. He spent five years working for Congress in Washington, D.C. He became a speechwriter and returned to Wisconsin in 1997 to work at his family's construction company. He was elected to Congress to represent the following year, replacing a Republican Congressman who left and ran for U.S. Senate. Ryan would represent the district for 20 years. He chaired the House Budget Committee from 2011 to 2015 and briefly chaired the House Ways and Means Committee in 2015 prior to being elected Speaker of the House in October 2015 fo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Unfunded Mandates Reform Act
The Unfunded Mandates Reform Act of 1995 (UMRA''(pdf)https://www.govinfo.gov/content/pkg/USCODE-1995-title2/html/USCODE-1995-title2-chap25.htm (text)] restricts the federal government of the United States, federal imposition of unfunded mandates on state, local and tribal governments in the United States. History UMRA was introduced on January 4, 1995, in the Senate by Dirk Kempthorne of Idaho as S. 1 to the Committees on the Budget and Governmental Affairs. It passed the full Senate on the 27th by a vote of 86 to 10; an identical version passed the House on February 1. It was signed into law by president Bill Clinton on March 22. Provisions The four titles of the Unfunded Mandates Reform Act are: Title I: Legislative Accountability and Reform. Any bill passed by committee must be submitted to the director of the Congressional Budget Office so that any federal mandates may be identified. No bill which contains any such mandate imposing a direct cost of more than fifty ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
PAYGO
PAYGO (Pay As You GO) is the practice in the United States of financing expenditures with funds that are currently available rather than borrowed. Budgeting The PAYGO compels new spending or tax changes not to add to the federal debt. Not to be confused with pay-as-you-go financing, which is when a government saves up money to fund a specific project. Under the PAYGO rules, a new proposal must either be "budget neutral" or offset with savings derived from existing funds. The goal of this is to require those in control of the budget to engage in the diligence of prioritizing expenses and exercising fiscal restraint. An important example of such a system is the use of PAYGO in both the statutes of the U.S. Government and the rules in the U.S. Congress. First enacted as part of the Budget Enforcement Act of 1990 (which was incorporated as Title XIII of the Omnibus Budget Reconciliation Act of 1990), PAYGO required all increases in direct spending or revenue decreases to be offset b ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Appropriations Bill (United States)
In the United States Congress, an appropriations bill is legislation to appropriate federal funds to specific federal government departments, agencies and programs. The money provides funding for operations, personnel, equipment and activities. Regular appropriations bills are passed annually, with the funding they provide covering one fiscal year. The ''fiscal year'' is the accounting period of the federal government, which runs from October 1 to September 30 of the following year. Appropriations bills are under the jurisdiction of the United States House Committee on Appropriations and the United States Senate Committee on Appropriations. Both Committees have twelve matching subcommittees, each tasked with working on one of the twelve annual regular appropriations bills. There are three types of appropriations bills: regular appropriations bills, continuing resolutions, and supplemental appropriations bills. Regular appropriations bills are the twelve standard bills that cover ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gross Domestic Product
Gross domestic product (GDP) is a monetary measure of the market value of all the final goods and services produced and sold (not resold) in a specific time period by countries. Due to its complex and subjective nature this measure is often revised before being considered a reliable indicator. GDP (nominal) per capita does not, however, reflect differences in the cost of living and the inflation rates of the countries; therefore, using a basis of GDP per capita at purchasing power parity (PPP) may be more useful when comparing living standards between nations, while nominal GDP is more useful comparing national economies on the international market. Total GDP can also be broken down into the contribution of each industry or sector of the economy. The ratio of GDP to the total population of the region is the per capita GDP (also called the Mean Standard of Living). GDP definitions are maintained by a number of national and international economic organizations. The Org ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Domain
The public domain (PD) consists of all the creative work to which no exclusive intellectual property rights apply. Those rights may have expired, been forfeited, expressly waived, or may be inapplicable. Because those rights have expired, anyone can legally use or reference those works without permission. As examples, the works of William Shakespeare, Ludwig van Beethoven, Leonardo da Vinci and Georges Méliès are in the public domain either by virtue of their having been created before copyright existed, or by their copyright term having expired. Some works are not covered by a country's copyright laws, and are therefore in the public domain; for example, in the United States, items excluded from copyright include the formulae of Newtonian physics, cooking recipes,Copyright Protection ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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