,,Proposal Would Require CBO To Lower the Baseline For Discretionary Programs By $1 Trillion Over the Next Ten Years

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Proposal Would Require CBO To Lower the Baseline For Discretionary Programs By $1 Trillion Over the Next Ten Years

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Publication Date: June 2004

Publisher: Center on Budget and Policy Priorities (Washington, D.C.)

Author(s): Magda Cojanu; Joel Friedman; Robert Greenstein

Research Area: Banking and finance; Government

Keywords: Federal budget; Fiscal future; Economic projections

Type: Report

Abstract:

When the House considers budget-process legislation the week of June 21 or soon thereafter, it is expected to consider a proposal to require that the budget “baseline” for discretionary programs be lowered by more than $1 trillion over the next ten years. This proposal is contained in H.R. 3800, introduced by Rep. Jeb Hensarling and more than 100 co-sponsors, and in H.R. 3925, introduced by Rep. Mark Kirk and about 20 co-sponsors. It is likely to be included in amendments that Reps. Hensarling, Kirk, or others offer on the House floor.