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| a policy document allocating all burdens (taxes) and benefits (expenditures). | ||
| An excess of federal expenditures over federal revenues | ||
| Federal spending of revenues. Major areas of such spending are social services and the military. | ||
| The financial resources of the federal government. The individual income tax and Social Security tax are two major sources of revenue. | ||
| Shares of individual wages and corporate revenues collected by the government. The Sixteenth Amendment explicitly authorized Congress to levy a tax on income. | ||
| The constitutional amendment adopted in 1913 permitting congress to levy an income tax. | ||
| All the money borrowed by the federal government over the years and still outstadning. | ||
| Revenue losses that result from the special exemptions, exclusions, or deductions on federal tax law. | ||
| A 1935 law passed during the Great Depression that was intended to provide a minimal level of sustenance to older Americans and thus save them from poverty. | ||
| Added to social security in 1965 provides hospitalization insurance for the elderly and permits older Americans to purchase inexpensive coverage for doctor fees and other helath expensives. | ||
| The belief that the best predictor of this years budget is last years plus a little more. Most of the budget is a product of last years. | ||
| expenditures that are determined not by a fixed amount of money appropriated by congress but by how many eligible beneficaiaries there are for a program or by previous obligations of the government. | ||
| policies for which congress has obligated itself to pay x lvl of benefits to y number of recipients. Social Security benifits are an example. | ||
| The H.R. committee with the Senate Finance Committee writes tax codes, subject to approval of the whole congress | ||
| An act to reform the congressional budgetary process. Supportors hoped to make congress less dependent on the presidents budget and help to make its own budgetary goals. | ||
| Advises congress on the probables consequences of its decisions, forcasts revenues and is a counterweight to the president's OMB. | ||
| Binds congress to a total expenditure level, bottom line of all federal spending for all programs. | ||
| Congressional process which program authorizations are revised to achieve required savings. Includes tax or other revenue adjustments. | ||
| Act of congress that establishes, continues, or changes a discretionary government program or an entitlement. It specifies program goals and max expenditures for discretionary programs. | ||
| Act of congress that funds programs within limits established by authorization bills, cover one year. | ||
| When congress cannot reach an agreement and pass appropriation bills resolutions allow agencies to spend at level they did last year. |
