Congressional budgeting

Understanding Congressional Budgeting and Appropriations, 1-day course in Washington, DC from TheCapitol.Net

Understanding Congressional Budgeting and Appropriations photo credit: sdc2027 This engaging course explores basic congressional budget process concepts along with key players, their roles and relationships. Learn about discretionary and mandatory spending, the budget resolution and reconciliation process. Students also learn about the relationship of authorization and appropriations legislation. Hear real, modern-day examples that illustrate the … Read more

A Guide to Understanding the Presidential Budget

See President’s Budget (CongressionalGlossary.com) The president’s budget, officially known as the Budget of the United States Government, is required by law to be submitted “On or after the first Monday in January but not later than the first Monday in February of each year.” (31 USC 1105). The budget contains estimates for spending as well … Read more

Value Added Tax (VAT), National Sales Tax (NST), Flat Tax, Transaction Tax (CongressionalGlossary.com)

Dissatisfaction with the federal tax system has led to a debate about U.S. tax reform, including proposals for a national consumption tax. One type of proposed consumption tax is a value-added tax (VAT), widely used around the world. A VAT is levied on the difference between a business’s sales and its purchases of goods and … Read more