January 5, 2011
Center on Budget and Policy Priorities (press release)
Statement of Robert Greenstein, Executive Director, on the New House Budget Rules
Today’s vote by the new House majority to change the chamber’s rules, making it easier to pass tax cuts that increase the deficit, contradicts many Republican members’ anti-deficit rhetoric and marks a significant step away from fiscal discipline and toward the kind of rules that helped pave the way for the return of large deficits in the years after 2001.
The new rules will replace the current House pay-as-you-go requirement — that any tax cut or entitlement increase ...
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