Requires the Congressional Budget Office (CBO) to perform what is known as "dynamic scoring": an attempt to estimate whether, and by how much, a change in tax or spending policy would affect the overall economy. Such an analysis would describe the likely impact of major bills as they relate to key economic variables like investment, employment and GDP by looking at both short-term and long-term economic impacts of such bills.
What is House Bill H.R. 1874?
Cost of House Bill H.R. 1874
-The bill excludes “spending on investments” because bills reported by the Appropriations Committee “contain investments that foster economic growth.”
Pro-Growth Budgeting Act of 2014
To amend the Congressional Budget Act of 1974 to provide for macroeconomic analysis of the impact of legislation.
- Not enactedThe President has not signed this bill
- The senate has not voted
Committee on the Budget
- senate Committees
- The house Passed April 4th, 2014Roll Call Vote 224 Yea / 182 Nay
Committee on the BudgetCommittee on RulesIntroducedMay 8th, 2013
- house Committees