Congress and the Budget
This bill can fund programs within limits established by authorization bills
What is an appropriations bill?
This established a federal income tax
What is the 16th Amendment?
These benefits that are issued by the government are also called
What are entitlements?
These expendatures are determined by obligations of the government
What are uncontrollable expendatures?
This congressional process revises program authorizations to achieve required savings
What is reconciliation?
This is the largest source of federal revenue
What is income tax?
Sources of money for the government are called
What is revenue?
These government agencies
What is the Congressional Budget Office?
These two congressional committees work together to write tax codes
What is are the House Ways and Means Committee and the Senate Finance Committee?
This law allows agencies to spend same amount of $ as last year
What are continuing resolutions?
Things the government spends money on are also called
What are expendatures?
This government agency manages the financial requests of the bureaucracy and creates a budget based on those requests
What is the Office of Management and Budget?
This legislation can be passed to set program goals and max spending
What is an authorization bill?
Revenue losses from tax loopholes are also known as
What are tax expendatures?
This welfare program provides health care for the elderly population
What is Medicare?
This has reached over $31 trillion in recent years
What is the national debt?
This sets the bottom line of all federal spending for all programs
What is a budget resolution?
The concept of basing a current agency budget off of what was previously given, plus some
What is incrementalism?
This law ensure financial provisions for the disabled, elderly, impoverished, and more
What is the Social Security Act?
This government agency checks what other agencies do with their budgets
What is the GAO?