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Author : Robert Keith
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (55 download)
Download or read book The Budget Reconciliation Process written by Robert Keith and published by . This book was released on 2004 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Robert Keith
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (15 download)
Download or read book Budget Reconciliation written by Robert Keith and published by . This book was released on 2005 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 13 : 1437936237
Total Pages : 39 pages
Book Rating : 4.4/5 (379 download)
Download or read book Budget Reconciliation Process written by Robert Keith and published by DIANE Publishing. This book was released on 2011 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Author :
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)
Download or read book Reconciliation and the Deficit in FY2006 and Through FY2010 written by and published by . This book was released on 2005 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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).
Author :
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)
Download or read book Taxes and Fiscal Year 2006 Budget Reconciliation written by and published by . This book was released on 2005 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Author :
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)
Download or read book Reconciliation Instructions in the FY2006 Budget Resolution written by and published by . This book was released on 2005 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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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ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)
Download or read book ANWR and FY2006 Budget Reconciliation Legislation written by and published by . This book was released on 2005 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Author :
Publisher :
ISBN 13 :
Total Pages : 6 pages
Book Rating : 4.:/5 (622 download)
Download or read book Agriculture and FY2006 Budget Reconciliation written by and published by . This book was released on 2005 with total page 6 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
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ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)
Download or read book Energy and Mineral Issues in the FY2006 Budget Reconciliation Bill written by and published by . This book was released on 2005 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Several resource issues that are designed to generate revenue for the federal Treasury have been proposed for the FY2006 budget reconciliation bill. The most controversial of these provisions recommended by the House Resources Committee and Senate Energy and Natural Resources Committee would open part of the Arctic National Wildlife Refuge (ANWR) for oil and gas development. The House panel would also allow coastal states to "opt out" of the current offshore oil and gas development moratoria, increase fees for hardrock mining and patents, dispose of certain federal lands, and begin an oil shale and tar sands leasing program. The Congressional Budget Office estimates offsetting receipts from resource development on federal lands in the House recommendation to be $3.7 billion and in the Senate version $2.66 billion between 2006-2010. This report will be updated.
Author :
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ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)
Download or read book Budget Reconciliation Measures Enacted Into Law written by and published by . This book was released on 2009 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Author : Mary Frances Bley
Publisher :
ISBN 13 :
Total Pages : 4 pages
Book Rating : 4.:/5 (19 download)
Download or read book Reconciliation Instructions in the FY2006 Budget Resolution written by Mary Frances Bley and published by . This book was released on 2005 with total page 4 pages. Available in PDF, EPUB and Kindle. Book excerpt:
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Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)
Download or read book Budget Reconciliation Legislation in 2005 written by and published by . This book was released on 2005 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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. Reconciliation is a two-step process, involving the inclusion of reconciliation instructions in the budget resolution, which direct the appropriate committees to develop legislation achieving the desired budgetary outcomes, and the subsequent consideration of the resultant reconciliation legislation under expedited procedures. The FY2006 budget resolution (H.Con.Res. 95), which was agreed to by the House and Senate on April 28, 2005, included reconciliation instructions expected to lead to the development of three different reconciliation measures: (1) an omnibus spending bill to reduce mandatory outlays by about $35 billion over FY2006FY2010; (2) a revenue bill to reduce revenues by $70 billion over the same period; and (3) a bill to increase the limit on the public debt by $781 billion. Following a surge in spending for relief and reconstruction efforts associated with Hurricanes Katrina and Rita, Republican leaders in the House and Senate announced plans to achieve additional savings in mandatory outlays through the reconciliation process, and to pursue other savings in annual appropriations acts. The Senate Budget Committee reported the spending reconciliation bill, S. 1932, the Deficit Reduction Omnibus Reconciliation Act of 2005, on October 27. The Senate passed the bill with amendments on November 3, by a vote of 52-47. Congressional Budget Office (CBO) estimated that the committee recommendations would yield net outlay savings of $39.114 billion over FY2006-FY2010; the amendments adopted by the Senate reduced the five-year savings to $34.644 billion. The House Budget Committee reported the spending reconciliation bill, H.R. 4241, the Deficit Reduction Act of 2005, on November 7. The House passed the bill on November 18, by a vote of 217-215; amendments were incorporated into the bill automatically under a self-executing feature of the rule governing consideration (H.Res. 560, as amended), but no other amendments were allowed. CBO estimated that the committee recommendations would yield net outlay savings of $53.929 billion over FY2006-FY2010, about $4 billion the revised level of savings requested by the House leadership; the amendments adopted by the House reduced the five-year savings to $49.889 billion. The Senate Finance Committee approved the revenue reconciliation bill, S. 2020, the Tax Relief Act of 2005, on November 15. The Senate passed the bill with amendments on November 18, by a vote of 64-33. The House Ways and Means Committee reported the revenue reconciliation bill, H.R. 4297, the Tax Relief Extension Reconciliation Act of 2005, on November 17. The House passed the bill on December 8, by a vote of 234-197. The Joint Committee on Taxation estimated the five-year revenue reduction at $57.756 billion in the Senate-passed bill and $56.082 billion in the House-passed bill. This report will be updated as developments warrant.
Author :
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ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)
Download or read book Agriculture and FY2006 Budget Reconciliation written by and published by . This book was released on 2006 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Deficit Reduction Act of 2005 (P.L. 109-171, S. 1932), which was signed into law on February 8, 2006, contains net spending reductions of $2.7 billion over five years for USDA mandatory programs. Included in the total is a $1.7 billion reduction in farm commodity support program spending, a $934 million reduction in conservation spending, a $620 million reduction in a mandatory research program, and a $419 million cut in rural development programs, as scored by CBO over a five-year period (FY2006FY2010). The measure also includes a two-year extension of a dairy income support program, at an estimated cost of $998 million. Proposed House reductions to food stamp spending were not included in the final measure.
Download or read book Taxes and Fiscal Year 2006 Budget Reconciliation written by and published by . This book was released on 2006 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Philip D. Winters
Publisher :
ISBN 13 :
Total Pages : 2 pages
Book Rating : 4.:/5 (19 download)
Download or read book Reconciliation and the Deficit in FY2006 and Through FY2010 written by Philip D. Winters and published by . This book was released on 2005 with total page 2 pages. Available in PDF, EPUB and Kindle. Book excerpt:
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ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)
Download or read book Student Loans and FY2006 Budget Reconciliation written by and published by . This book was released on 2005 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The FY2006 budget resolution (H.Con.Res 95, H.Rept. 109-62) contains reconciliation instructions that require authorizing committees to report legislation to reduce mandatory spending by $34.7 billion over a five-year period. The House Committee on Education and the Workforce is responsible for a reduction of $12.7 billion for FY2006 through FY2010. The Senate Committee on Health, Education, Labor, and Pensions is responsible for a reduction of $13.7 billion over that period. Authorizing committees were initially required to report to the budget committees by September 16, 2005. However, reconciliation action has been postponed until October. The Higher Education Act (HEA) reauthorization and budget reconciliation processes have become intertwined. Each of the aforementioned authorizing committees has marked up a comprehensive HEA reauthorization bill containinig provisions that generate substantial net savings in mandatory spending on the student loan programs. This report will be updated.
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ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)
Download or read book Budget Reconciliation FY2006 written by and published by . This book was released on 2006 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The House and Senate approved the conference report (H.Rept. 109-62) on H.Con.Res. 95, the Concurrent Resolution on the FY2006 Budget, on April 28, 2005. The Senate Committee on Finance was instructed to meet a budget reconciliation target of $10 billion in direct spending savings over a five-year period, FY2006FY2010. On October 25, 2005, the Senate Finance Committee reported its reconciliation proposal to the Senate Budget Committee, which subsequently incorporated the proposal into S. 1932, The Deficit Reduction Omnibus Reconciliation Act of 2005. In the House, the Committee on Energy and Commerce had budget reconciliation instructions that specified a mandatory savings target of $14.734 billion between FY2006 and FY2010. The Committee's recommendations were incorporated into the House Budget Committee's bill, The Deficit Reduction Act of 2005. The House passed its version of the bill on November 18, 2005. The Senate bill proposes changes to Medicaid, the State Children's Health Insurance program (SCHIP), and Medicare. Based on Congressional Budget Office (CBO) estimates, the largest Medicaid savings amounts are the result of changes in the reimbursement of outpatient prescription drugs. Other areas of Medicaid savings include changes to some asset transfer rules for Medicaid-eligible individuals applying for long-term care services and changes to the Medicaid program designed to combat fraud, waste, and abuse. Increases in Medicaid spending would largely result from temporary federal medical assistance percentage (FMAP) increases targeted to help Medicaid recipients from selected Louisiana parishes and counties in Alabama and Mississippi devastated by Hurricane Katrina, and also from the limiting of any FY2006-FY2007 FMAP decrease to Alaska and the re-computation of FMAPs for FY2006. The bill includes a number of Medicaid demonstration projects and some benefit and eligibility expansions. The proposal would alter the method for redistribution of SCHIP funds to the states. Medicare savings would result from changes in Medicare's Part C (Medicare Advantage) and the establishment of variations in provider payments that reflect quality differences (value-based purchasing, or "pay for performance"). The proposal would also provide for a 1% Medicare payment update for physicians in 2006. The House bill's health program provisions are largely limited to changes in the Medicaid program. The House bill achieves its largest savings with cost-sharing and benefit changes. The bill also foresees savings from changes in prescription drug reimbursement and asset transfer rules. Increased spending provisions are focused on long-term care service benefits, the establishment of health opportunity account demonstrations, and Hurricane Katrina health program relief. On December 19, 2006 the House agreed to a conference report on S. 1932. However, the Senate amended the report. The amended agreement passed the Senate on December 21, 2006, and was returned to the House for further action. It is expected that the agreement will be taken up in the early part of the session.
