Understanding Complex Budget Terms and Processes: What is the Byrd Rule?
The Byrd Rule restricts what can be included in reconciliation legislation in the Senate.
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The Byrd Rule restricts what can be included in reconciliation legislation in the Senate.
Tax reform done right would promote economic growth, make our fiscal outlook more sustainable, reduce the complexity and burden of compliance, and increase the system’s transparency and fairness.
A strong fiscal outlook is an essential foundation for a thriving economy. Putting our nation on a sustainable fiscal path creates a positive environment for growth, opportunity and prosperity.
https://www.pgpf.org/the-fiscal-and-economic-challenge/fiscal-and-economic-impact
America faces many critical questions about its future. As we continue to confront a global pandemic with devastating impacts on our health, economy and society, an effective federal response is necessary to help address critical needs and get our economy back on track.
https://www.pgpf.org/what-does-the-national-debt-mean-for-americas-future
A strong and stable economy with sustained job creation and broadly-shared growth ultimately requires a foundation of fiscal responsibility.
https://www.pgpf.org/pgpf-programs-and-projects/fiscal-balancing-act
Every month the U.S. Treasury releases data on the federal budget, including the current deficit. Here is the data for January 2024.
https://www.pgpf.org/the-current-federal-budget-deficit/budget-deficit-january-2024
“Sadly, we rung in the new year reaching a new record milestone of $34 trillion in national debt,” said Michael A. Peterson.
https://www.pgpf.org/press-release/2023/12/fci-press-release
Federal outlays for Unemployment Insurance are rapidly returning to previous levels. Nevertheless, unemployment remains higher than pre-pandemic levels.
One of the largest drivers of that rising debt is federal spending on major healthcare programs, such as Medicare and Medicaid.