Subject: Re: How Deficits Work...
I would favor a provision that every proposal passed by Congress needs to have a price tag, and a line that enacts some form of revenue (tax) associated with it. You don't specify a tax, you can't get your proposal/program. That way they can't spend that extra dime per dollar.
PAYGO worked for a while, but has been ignored by Congress with large tax cuts and higher Medicare spending. Stronger PAYGO hurdles are needed, to discourage the easy path.
"PAYGO, which stands for 'pay as you go,' is a budget rule requiring that tax cuts and mandatory spending increases must be offset (i.e., 'paid for') by tax increases or cuts in mandatory spending. PAYGO does not apply to discretionary spending (spending that is controlled through the appropriations process)... It appears that PAYGO can no longer be considered an effective tool for imposing budget discipline."
https://www.taxpolicycenter.or...