Hensarling Substitute Would Mandate Massive Domestic Program Cuts, While Sanctioning Unlimited Tax Cuts
Publication Date: June 2004
Publisher: Center on Budget and Policy Priorities (Washington, D.C.)
Author(s): Richard Kogan; Robert Greenstein
Research Area: Banking and finance
Keywords: Federal budget; Economic projections; Fiscal future
Type: Report
Abstract:
Rep. Jeb Hensarling will offer tonight a comprehensive substitute for budget enforcement legislation now on the House floor. The Hensarling substitute is drawn from H.R. 3800, legislation that Rep. Hensarling and various other Members introduced earlier this year and that Grover Norquist and other archconservatives have termed the “gold standard†for budget legislation. Were it to be enacted, the Hensarling substitute would represent perhaps the most extreme piece of budget legislation in recent U.S. history.
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