Budget Digest: Pay-As-You-Go 101
October 22, 2019
October 22, 2019
WASHINGTON, Oct. 22 -- Rep. Steve Womack, R-Arkansas, ranking Republican member of the House Budget Committee, issued the following budget digest:
What Is PAYGO? Pay-As-You-Go (PAYGO) refers to budget rules or laws that require legislation to be deficit neutral - increases in mandatory spending or reductions in revenue must be offset with commensurate reductions in mandatory spending or increases in revenue. While PAYGO rules and laws can be structured in various ways, their ultimat . . .
What Is PAYGO? Pay-As-You-Go (PAYGO) refers to budget rules or laws that require legislation to be deficit neutral - increases in mandatory spending or reductions in revenue must be offset with commensurate reductions in mandatory spending or increases in revenue. While PAYGO rules and laws can be structured in various ways, their ultimat . . .