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The Bipartisan Budget Act of 2013

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  • President Obama Signs Bipartisan Budget Act into Law
    Posted in Press Releases on December 26, 2013 | Preview rr
    Tags: The Bipartisan Budget Act of 2013

    WASHINGTON, D.C.—House Budget Committee Chairman Paul Ryan issued the following statement upon President Obama’s signing the Bipartisan Budget Act into law: “I want to thank the President for signing the Bipartisan Budget Act into law. It doesn’t go as far as I’d like, but it’s a firm step in the right direction. This law is proof that both parties can work together. We can put aside our differences and find common ground. This law will reduce the deficit—without raising taxes—and cut spending ... Read more

  • House Passes the Bipartisan Budget Act
    Posted in Press Releases on December 12, 2013 | Preview rr
    Tags: The Bipartisan Budget Act of 2013

    WASHINGTON, D.C. —Today, the House of Representatives passed the Bipartisan Budget Act. Written by House Budget Committee chairman Paul Ryan and Senate Budget Committee chairman Patty Murray, the bill will provide $63 billion in temporary sequester relief and $85 billion in mandatory savings. It will eliminate waste, cut corporate welfare, and make needed reforms to autopilot spending. On net, the bill will reduce the deficit by $23 billion over the next ten years. The Senate will take it up nex... Read more

  • The Bipartisan Budget Act Builds on Fiscal Discipline
    Posted in HBC Publications on December 12, 2013 | Preview rr
    Tags: The Bipartisan Budget Act of 2013

    Background The Budget Control Act (BCA) did two things: First, it put caps on discretionary spending, saving about $1 trillion. Then, it created a Joint Select Committee on Deficit Reduction (“super committee”) and tasked it with finding at least $1.2 trillion in additional deficit reduction by 2021. In case the committee failed to report such a bill or Congress failed to pass it, the BCA directed the President to order an automatic sequestration of non-exempt funds to achieve that $1.2 trillio... Read more

  • Setting the Record Straight
    The Bipartisan Budget Agreement

    Posted in HBC Publications on December 10, 2013 | Preview rr
    Tags: Taxes, Reconciliation, The Bipartisan Budget Act of 2013

    Q: Does this agreement reduce the deficit? A: Yes. This agreement provides for $63 billion in additional discretionary spending in 2014 and 2015—in return for a permanent deficit reduction of $85 billion. On net, this bill reduces the deficit by $23 billion. Q: Is the deficit reduction that significant? A: The House-passed budget cut over $4 trillion in spending and balanced the budget. The Senate-passed budget increased spending by $1 trillion and never balanced. This budget agreement represent... Read more

  • The Bipartisan Budget Agreement’s Spending Cuts
    Posted in HBC Publications on December 10, 2013 | Preview rr
    Tags: The Bipartisan Budget Act of 2013

    The bipartisan budget agreement includes specific, concrete spending cuts, which come to a total of $85 billion in savings. Below are the most notable examples: Eliminate waste Stop paying Medicaid bills that dead-beat dads and insurance companies should cover. That’s a $1.4 billion spending cut. Stop sending unemployment checks to criminals. That’s just common sense. Stop sending government checks to dead people. There’s no reason to tolerate fraud. Stop favoritism End the special treatment for... Read more

  • Murray and Ryan Introduce Bipartisan Budget-Conference Agreement
    Posted in Press Releases on December 10, 2013 | Preview rr
    Tags: The Bipartisan Budget Act of 2013

    Two-year budget agreement would avoid government shutdown in January, provide certainty to businesses and families, and return budget process to regular order Bipartisan agreement would provide sequester relief for defense and domestic priorities—fully offset by concrete savings and reforms—and further reduce the deficit Short-term agreement breaks through partisan gridlock and can serve as foundation for continued bipartisan work WASHINGTON, D.C.—Today, Senate Budget Committee chairman Patty M... Read more

  • User Fees in the Bipartisan Budget Act of 2013
    Posted in HBC Publications on December 10, 2013 | Preview rr
    Tags: The Bipartisan Budget Act of 2013

    What is a user fee? The Congressional Budget Office (CBO) defines a user fee as “money that the federal government charges for services, or for the sale or use of federal goods or resources, that generally provide benefits to the recipients beyond those that may accrue to the general public. The amount of a user fee is typically related to the cost of the service provided or the value of the good or resource used. . . .”[1] Why is a user fee different from a tax? People can decide whether to use... Read more

  • The Transportation Security Administration and the Aviation-Security Fee
    Posted in HBC Publications on December 10, 2013 | Preview rr
    Tags: The Bipartisan Budget Act of 2013

    Background and Budget The Transportation Security Administration (TSA) was established by the Aviation and Transportation Security Act of 2001 to “protect the nation’s transportation systems to ensure freedom of movement for people and commerce.” Although TSA has security responsibilities in all forms of transportation, its main focus is aviation security. TSA has just over 55,600 full-time equivalents (FTE), the vast majority of which are passenger and baggage screeners in the Aviation Security... Read more

  • The Need to Reform Military Compensation
    Posted in HBC Publications on December 10, 2013 | Preview rr
    Tags: The Bipartisan Budget Act of 2013

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