A proposed public law that permits the federal government to carry out, create or continue various functions and programs
What is authorization bill?
100
Policies that obligate Congress to "uncontrollable" spending, paying X level of benefits to Y number of recipients
What are entitlements?
100
I will donate to a charity to reduce my overall tax burden
What is tax loophole?
100
This individual is responsible for the formation of the budget (something of a new development in the long history of america)
Who is the President?
100
Jimmy Carter criticized this aspect of the tax code as a "national tragedy"
What is inequality/debt?
200
All the money borrowed by the federal government over the years and still outstanding
What is federal debt?
200
a legislative motion which authorizes the government to spend money on specific programs which have been previously authorized.
What is an appropriation bill?
200
I cut taxes 25% in an attempt to "starve the beast"
Who is Ronald Reagan?
200
This organization manages the formation of the budget, including receiving and fact-checking all budgetary information for the executive
Who is the Office of Management and Budget?
200
This was the last year that the United states had a budget surplus
What is 2001?
300
Revenue losses attributable to provisions of the federal tax laws which allow a special exemption, exclusion, or deductions for large groups of americans
What are tax expenditures?
300
The principal that the best predictor of this year's budget is last year's budget (plus a little bit more)
What is incrementalism?
300
I collect all tax revenues for the government, although I play no role in the budget process itself
What is the IRS?
300
This group is in charge of setting the specific expenditures of money by the government of the United States. As such, it is one of the most powerful organizations in congress and its members are highly influential.
Who is the House Appropriations Committee?
300
This is our current level of national debt (approximately)
What is 16 trillion dollars?
400
The constitutional amendment adopted in 1915 that explicitly permitted Congress to levy an income tax
What is Sixteenth Amendment?
400
In April of each year, both houses of Congress are expected to agree on this, which binds Congress to a total expenditure level (they have not done so for six years)
What is budget resolution?
400
I buy these as a form of investment, though the interest I earn only puts the country deeper in debt
What are government bonds?
400
This organization was born out of a basic distrust for executive power in crafting the budget
What is the CBO?
400
When congress fails to act on a budget it must vote on one of these to allow the government to keep spending
What are continuing resolutions?
500
The House of Representatives committee that, along with the Senate Finance Committee, writes the tax codes, subject to the approval of Congress as a whole
What is House Ways and Means Committee?
500
a legislative (especially congressional) provision that directs approved and appropreated funds to be spent on specific projects
What are earmarks?
500
Rather than the government give me $100 for every employee I have in health care, they allow me to write $100 off my taxes for every employee.
What are tax expenditures?
500
These eat up the vast majority of the Budget and must submit requests to the OMB months in advance
Who are the agencies?
500
This law created a set budget calendar that the government has failed to keep most years.
What is The Congressional Budget and Impoundment Control Act of 1974?