Removes inflation adjustment for discretionary spending. Current law requires the Congressional Budgeting Office (CBO) to assume that spending will rise with inflation.
- Not enactedThe President has not signed this bill
- The senate has not voted
Senate Committee on the Budget
- senate Committees
- The house Passed April 8th, 2014Roll Call Vote 230 Yea / 185 Nay
House Committee on the BudgetIntroducedMay 8th, 2013
- house Committees
What is it?
-For fiscal year 2011, 38% of all spending was discretionary spending, and covered areas including but not limited to defense, education, law enforcement, housing, veterans’ health, job training, transportation, health research and disease control, national parks and forests, and foreign assistance.
-Data on discretionary expenditures goes back to 1962. According to the Center on Budget and Policy Priorities, there has not a single ten-year period since 1962 in which total discretionary funding was frozen.
- ln Spring of 2011, according to the CBPP, the "CBO compared a ten-year freeze in discretionary appropriations — both defense and non-defense — with its ten-year baseline, in which appropriations grow with inflation. Relative to the baseline, a freeze would reduce expenditures for these programs by $1.3 trillion over the next ten years. Counting the resulting interest savings, the deficit would appear $1.6 trillion lower than if discretionary programs simply grew with inflation. This extra room could suggest that the nation could afford $1.3 trillion in new tax cuts or expansions in mandatory programs."