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Author: Robert Keith
Publisher:
ISBN:
Category : Budget
Languages : en
Pages :
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Book Description
Author: Robert Keith
Publisher:
ISBN:
Category : Budget
Languages : en
Pages :
Get Book Here
Book Description
Author: Robert Keith
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
The budget reconciliation process is one of the chief tools used by Congress during the past quarter-century to implement major changes in budget policy. Following a brief overview of the budget reconciliation process and the current budget policy context, this report provides information on the consideration of budget reconciliation legislation in 2005, during the first session of the 109th Congress.
Author: Robert Keith
Publisher: DIANE Publishing
ISBN: 1437936237
Category : Business & Economics
Languages : en
Pages : 39
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This is a print on demand edition of a hard to find publication. Reconciliation is a procedure by which Congress implements budget resolution policies affecting mainly permanent spending and revenue programs. The Byrd rule (BR) provides 6 definitions of what constitutes extraneous matter for purposes of the rule, but the term is generally described as covering provisions unrelated to achieving the goals of the reconciliation instructions. Contents of this report: (1) Intro.; (2) Legislative History of the BR; (3) Current Features of the BR; (4) Implementation of the BR: Points of Order; Waiver Motions; Instances in Which the BR was Not Invoked; (5) BR Controversies: Effects on Tax-Cut Legislation; Comprehensive Policy Changes: Health Care and Education Reform. Text of the BR. Charts and tables.
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Languages : en
Pages : 0
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The FY2006 budget resolution (H.Con.Res. 95, H.Rept. 109-61) contains reconciliation directives to the House Committee on Resources and the Senate Committee on Energy and Natural Resources to reduce direct spending by $2.4 billion for the period covering FY2006-FY2010. The Senate Energy and Natural Resources Committee has voted to transmit legislative recommendations to open the Arctic National Wildlife Refuge (ANWR) to development in order to meet its reconciliation targets. The Chairman of the House Resources Committee has also indicated support for this approach. The projected proceeds from such ANWR provisions would be counted as direct spending reductions. Budget reconciliation legislation, which implements some of the direct spending and revenue policy changes assumed in the congressional budget resolution, is considered under expedited procedures that, in particular, limit debate and amendments in the Senate. The debate limitation makes a reconciliation measure an attractive vehicle for legislative initiatives that otherwise might be subject to a filibuster. This report will be updated as developments warrant.
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Languages : en
Pages : 0
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The budget resolution for FY2006 (H.Con.Res. 95), adopted by Congress on April 28, 2005, included reconciliation instructions for three bills.1 The first reconciliation bill would cut mandatory spending by $1.5 billion in FY2006 and by $34.7 billion over FY2006 -- FY2010. The second would reduce revenues by $11.0 billion in FY2006 and by $70.0 billion over the five-year period. Another $35.7 billion in revenue reductions over five years was assumed in the budget resolution, but was not part of the reconciliation instructions. The third would raise the statutory public debt limit by $781 billion to $8,965 billion to accommodate the government's ongoing borrowing needs to finance its deficits. Only the first two instructions would have any direct effect on the deficit over those five years (the debt limit has no direct effect on the deficit).
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Languages : en
Pages : 0
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On April 28, 2005, Congress approved an FY2006 budget resolution (H.Con.Res. 95) with reconciliation instructions calling for three bills: a bill containing spending cuts ($1.5 billion in FY2006 and $34.7 billion over five years); a bill increasing the public debt limit by $781 billion (to $8,965 billion); and a bill containing tax cuts. The reconciliation instructions for taxes called for tax cuts of $11 billion in FY2006 and $70 billion over five years. As 2005 draws to a close, Congress has begun consideration of the tax-reduction reconciliation bill. On November 15, both the House Ways and Means Committee and the Senate Finance Committee approved separate tax-cut proposals as H.R. 4297 and S. 2020, respectively. The full Senate approved a slightly modified version of S. 2020 on November 18. An important part of both bills is the extension of numerous temporary, tax-reducing provisions that are scheduled to expire at various times over the next several years. While most of these "extenders" are the same in each package, there are some differences, including extension of the increased alternative minimum tax (AMT) exemption, which is contained in the Senate proposal but not the Ways and Means bill; and reduced rates for capital gains and dividends, which are in the Ways and Means measure but not the Senate plan. Aside from the extenders, the Senate bill contains a number of additional items not contained in the Ways and Means Committee plan, including tax incentives for development in areas affected by recent hurricanes; both tax benefits and reforms related to charitable contributions; and revenue-raising items in the area of tax shelters and elsewhere. In addition, on December 7, the House passed "stand alone" bills extending the increased AMT exemption (H.R. 4096) and providing disaster-related tax benefits (H.R. 4440). This report will be updated as legislative developments occur.
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Languages : en
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The House and Senate reached final agreement on April 28, 2005, on a budget resolution for FY2006 (H.Con.Res. 95) which included reconciliation directives expected to lead to the consideration of three different reconciliation bills during the session: (1) an omnibus spending reduction measure, incorporating submissions from eight House and eight Senate committees; (2) a revenue reduction measure; and (3) a public debt limit increase measure. The omnibus spending bill is intended to reduce outlays by $1.519 billion for FY2006 and $34.658 billion for the five-year period covering FY2006 through FY2010; the revenue bill is intended to reduce revenues by $11 billion for FY2006 and $70 billion for the period FY2006-FY2010; and the third bill is intended to increase the public debt limit by $781 billion. This report will be updated as developments warrant.
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Category :
Languages : en
Pages : 6
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The FY2006 budget resolution (H. Con. Res. 95, H. Rept. 109-62) contains reconciliation instructions that require authorizing committees to report legislation to reduce spending on mandatory programs within each committee's jurisdiction. The resolution instructed the House and Senate Agriculture Committees to report legislation reducing spending on USDA mandatory programs by 173 million in FY2006 and 3.0 billion over five years (FY2006-FY2010). The House and Senate Agriculture Committees have completed action on their recommendations (3.7 billion in the House and 3.0 billion in the Senate). The two measures would reduce spending on farm commodity and conservation programs in varying ways. The House measure also eliminates funding for various rural development programs and reduces food stamp spending. The Senate extends authority for a dairy income support program, which would require an offset of its projected cost. Reconciliation floor action is expected in November. This report will be updated.
Author: Robert Keith
Publisher: Nova Publishers
ISBN: 9781594547805
Category : Business & Economics
Languages : en
Pages : 130
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The budget reconciliation process is an optional procedure that operates as an adjunct to the budget resolution process established by the Congressional Budget Act of 1974. The chief purpose of the reconciliation process is to enhance Congress's ability to change current law in order to bring revenue, spending, and debt-limit levels into conformity with the policies of the annual budget resolution. Reconciliation is a two-stage process. First, reconciliation directives are included in the budget resolution, instructing the appropriate committees to develop legislation achieving the desired budgetary outcomes. If the budget resolution instructs more than one committee in a chamber, then the instructed committees submit their legislative recommendations to their respective Budget Committees by the deadline prescribed in the budget resolution; the Budget Committees incorporate them into an omnibus budget reconciliation bill without making any substantive revisions. In cases where only one committee has been instructed, the process allows that committee to report its reconciliation legislation directly to its parent chamber, thus bypassing the Budget Committee. The second step involves consideration of the resultant reconciliation legislation by the House and Senate under expedited procedures. Among other things, debate in the Senate on any reconciliation measure is limited to 20 hours (and 10 hours on a conference report) and amendments must be germane and not include extraneous matter. The House Rules Committee typically recommends a special rule for the consideration of a reconciliation measure in the House that places restrictions on debate time and the offering of amendments. As an optional procedure, reconciliation has not been used in every year that the congressional budget process has been in effect. Beginning with the first use of reconciliation by both the House and Senate in 1980, however, reconciliation has been used in most years. In three years, 1998 (for FY1999), 2002 (for FY2003), and 2004 (for FY2005), the House and Senate did not agree on a budget resolution. Congress has sent the President 19 reconciliation acts over the years; 16 were signed into law and three were vetoed (and the vetoes not overridden). Following an introduction that provides an overview of the reconciliation process and discusses its historical development, the book explains the process in sections dealing with the underlying authorities, reconciliation directives in budget resolutions, initial consideration of reconciliation measures in the House and Senate, resolving House-Senate differences on reconciliation measures, and presidential approval or disapproval of such measures. The text of two relevant sections of the Congressional Budget Act of 1974 (Sections 310 and 313) is set forth in the Appendices.
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Languages : en
Pages : 0
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Prepared for Members and Committees of Congress Budget Reconciliation Measures Enacted Into Law: 1980-2010 Summary The budget reconciliation process is an optional procedure that operates as an adjunct to the budget resolution process established by the Congressional Budget Act of 1974. [...] The Reconciliation Process The budget reconciliation process is an optional procedure that operates as an adjunct to the budget resolution process established by the Congressional Budget Act of 1974. [...] The chief purpose of the reconciliation process is to enhance Congress's ability to change current law in order to bring revenue, spending, and debt-limit levels into conformity with the policies of the annual budget resolution.1 Reconciliation is a two-stage process. [...] Pursuant to reconciliation directives in that resolution, Congress and the President enacted the Omnibus Budget Reconciliation Act of 1990. [...] For the FY2006 budget cycle, for example, the Deficit Reduction Act of 2005 was a spending reconciliation bill, and the Tax Increase Prevention and Reconciliation Act of 2005 was a revenue reconciliation bill.
