Crony Capitalism / Rent-Seeking / Corporate Welfare / Revolving Door Corporate welfare refers to subsidies and regulatory protections that lawmakers confer on certain businesses and industries. When considering budget issues, federal policymakers are supposed to have the broad public interest in mind. Unfortunately, that is not how the federal budget process usually works in practice. … Read more
From the Congressional Glossary – Including Legislative and Budget Terms Changes in Mandatory Program Spending / CHIMPS Sessions Unveils Amendments To Combat Billions In Spending Through Waste, Gimmicks CHIMP is an acronym for a “CHange (either a cost or a savings) In a Mandatory Program” that is proposed or enacted in an appropriations … Read more
State Taxation of Internet Transactions, CRS Report R41853, May 7, 2013 (24-page PDF) The Federal Budget: Issues for FY2014 and Beyond, CRS Report R43068, May 9, 2013 (28-page PDF) Crime and Forfeiture, CRS Report 97-139, May 13, 2013 (97-page PDF) 501(c)(4)s and Campaign Activity: Analysis Under Tax and Campaign Finance Laws, CRS Report R40183, May … Read more
From the Congressional Glossary – Including Legislative and Budget Terms Baseline / Baseline Budgeting / Scorekeeping Dan Mitchell Discussing Dishonest Budget Numbers with John Stossel Baseline: Projection of future revenues, budget authority, outlays, and other budget amounts under assumed economic conditions and participation rates without a change in current policy. The Congressional Budget … Read more
From the Congressional Glossary – Including Legislative and Budget Terms Legislative Branch Agencies / Architect of the Capitol / AOC To ensure that Congress has independent sources of information from the executive branch to support it in its legislative and oversight responsibilities, Congress formed several legislative branch agencies. Stone Preservation on Capitol Hill … Read more
From the Congressional Glossary – Including Legislative and Budget Terms Congressional Budget Office / CBO Introduction to the Congressional Budget Office The Congressional Budget Office (CBO) and Government Accountability Office (GAO) principally serve congressional committees with a variety of reports. The Congressional Budget Office assists Congress in understanding the economic and fiscal environment … Read more
From the Congressional Glossary – Including Legislative and Budget Terms Congressional Budget and Impoundment Control Act of 1974 The 1974 Congressional Budget and Impoundment Control Act (Pub.L. 93-344, 88 Stat. 297, July 12, 1974) 2 U.S.C. Chapter 17A, Congressional Budget and Fiscal Operations) requires the House and Senate each year to adopt a concurrent resolution … Read more
From the Congressional Glossary – Including Legislative and Budget Terms Budget Act photo credit: phauly The common name for the Congressional Budget and Impoundment Act of 1974, which established the current budget process and created the Congressional Budget Office. The act also put limits on presidential authority to refuse to spend appropriated money. Titles I-IX … Read more
Advanced Federal Budget Process photo credit: Mr. T in DC In this 2-day course, learn how the federal budget process really works from faculty members with years of subject-matter expertise. Study important terminology and get tips to protect your budgetary interests. We provide a comprehensive overview of current budget politics and the federal budgeting process. … Read more
Advanced Federal Budget Process 2-day course photo credit: joannapoe Learn how the federal budget process really works from faculty members with years of subject-matter expertise. Study important terminology and understand budgetary interests. We provide a comprehensive overview of current budget politics and the federal budgeting process. So you gain the awareness and guidance necessary to … Read more