Post #2382 by lizgdal on the US Policy board

Halls of Shrewd'm / US Policy

Unthreaded | Threaded | Whole Thread (21)

Post New | Post Reply | Report Post | Recommend It!

No. of Recommendations: 0

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.org/briefing-book/what...

Post New | Post Reply | Report Post | Recommend It!

Print the post

Unthreaded | Threaded | Whole Thread (21)

Prev | Next

Announcements

US Policy FAQ

Contact Shrewd'm
Contact the developer of these message boards.

A community forum supporting civilized, and highly helpful, self-educating investors that come together for Shrewdness and merry spirits. These message boards closely follow the look and feel of the old message boards at boards.fool.com prior to the boards redirected to discussion.fool.com. Shrewd'm is not affiliated with the comprehensive and excellent investment website, The Motley Fool (TMF), in any way. The Shrewd commmunity here has owed, and continues to owe, gratitude to The Motley Fool for nurturing a culture of jovial irreverence towards Wall St, and that tradition will continue here.