Budget — Federal
Senate Budget Committee Chair Patty Murray (D-WA) and House Budget Committee Chair Paul Ryan (R-WI) have said they intend to focus the recently started budget negotiations on replacing sequestration (in whole or in part) for the next year or two with alternative deficit-reduction measures. An agreement to ease the sequestration cuts should reflect the following principles:
- Any relief from sequestration should be evenly split between defense and non-defense programs.
- The savings needed to replace sequestration should come from both spending cuts and revenues.
- Policymakers should design sequestration relief to help the still-struggling economy.
"Virtually all of the recent growth in spending for low-income programs is due to two factors: (1) the economic downturn and (2) rising costs throughout the U.S. health care system, which affect costs for private-sector care as much as for Medicaid and other government health care programs. Lawmakers should bear these facts in mind as they struggle over how to address the nation’s long-term fiscal challenges."
"As a new budget conference committee seeks agreement on spending and tax priorities for the next decade, some policymakers and commentators who believe that future deficit reduction must come solely from spending cuts will likely repeat the claim that the federal government is exploding in size. The data do not support such a claim."
- Portman Proposal Would Impede Appropriations Process, Could Produce Very Deep Funding Cuts
- Greenstein: Replace Sequestration with a More Balanced Deficit Reduction Package
- Four Tests of a Budget Deal: Blog | Report
- Clearing Up Misunderstandings: Sequestration Would Not Be Tougher on Defense Than Non-Defense Programs in 2014
- Series: Off the Charts Blogs on the House and Senate 2014 Appropriations Plans
The federal budget outlines the U.S. government’s spending plans for the coming fiscal year and how it plans to pay for that spending. The three biggest areas of federal spending in 2010 were defense and security, Social Security, and public health insurance programs, each of which made up roughly one-fifth of the budget. Roughly four-fifths of the revenue that the federal government collected to pay for these programs came from individuals, through income and payroll taxes.
Paul Van de Water
The Center informs the debate over federal budget priorities by analyzing the President’s budget and major congressional proposals throughout the annual budget process. We pay particular attention to the adequacy of funding for programs that assist low- and moderate-income families. We also analyze long-term budget challenges and measures to address them. In addition, we promote measures to improve fiscal responsibility.
December 9, 2013
November 13, 2013
Portman Proposal for Automatic Continuing Resolutions Would Impede Appropriations Process and Could Produce Very Deep Funding Cuts
November 12, 2013
November 5, 2013
October 30, 2013
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