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  • The Farm Bill Conference Report
    May 14, 2008 - After running out of gimmicks to hide the true cost of the Farm Bill Conference Report (H.R. 2419), the Democratic Majority has decided to waive the House pay-as-you-go [PAYGO] rule. As a result, the Farm Bill coming to the floor today includes $23 billion in new costs over the baseline, more than d... More
  • Th Farm Bill Conference Report
    May 14, 2008 - The Farm Bill conference report (H.R. 2419) being considered on the House floor today will cost American taxpayers $658 billion over the next 10 years. It includes $23 billion in new costs, more than double the $10 billion admitted to by the conferees. Further, the bill makes little meaningful refor... More
  • The Gas Tax Relief and Earmark Moratorium Act of 2008
    May 8, 2008 - SUMMARY This legislation provides American families and businesses a 3-month gasoline tax holiday. It also replenishes the Highway Trust Fund for the revenue lost from the gas tax holiday, and fixes its projected fiscal year 2009 shortfall, ensuring there is no disruption or slowdown in highway inve... More
  • Farm Bill & PAYGO: Ryan Motion to Instruct Q&A
    May 5, 2008 - Reports indicate that Farm Bill conferees intend to use an outdated 2007 baseline to score the Farm Bill Conference Report for the purposes of the House pay-as-you-go (PAYGO) rule. The Ryan Motion to Instruct would require conferees to instead use the current 2008 baseline to determine whether the b... More
  • The Price Stability Act of 2008
    May 1, 2008 - The Federal Reserve’s legislative mandate, established in The Humphrey-Hawkins Full Employment Act of 1978, directs it to focus on two goals that are often at odds: short-term economic growth and long-run price stability. Over the past few months, the dangers of this dual mandate have become apparen... More
  • Motion to Instruct
    April 30, 2008 - “After years of deficit spending, this new Congress will commit itself to a higher standard: pay-as-you-go, no new deficit spending.” Speaker of the House Pelosi, 4 January 2007 The House pay-as-you-go [PAYGO] rule (Rule XXI, Clause 10), which passed with much fanfare at the beginning of the 110th C... More
  • Fact Sheet: Medicare, Social Security Financial Status
    March 25, 2008 - Medicare and Social Security continue to face a mounting, and increasingly urgent, financial crisis that threatens the stability of both the Federal budget and the U.S. economy, according to the annual reports released today by Trustees for each of the programs. The Medicare report also issues a thi... More
  • Ryan Statement on Fed Action, Inflation Concerns
    March 18, 2008 - The Federal Reserve Bank today lowered the federal funds rate by a sizeable 75 basis points to 2.25 percent – the latest in a series of dramatic measures by the Fed to manage the severe disruptions in credit markets that now threaten the economy. House Budget Committee Ranking Republican Paul Ryan (... More
  • Republican Substitute: The Budget Resolution for Fiscal Year 2009
    March 12, 2008 - Balance by 2012, Without Raising Taxes. Prevents scheduled tax increases by retaining provisions enacted in 2001/2003; prevents expansion of the AMT for the next 3 years, and achieves full repeal in 2013. Discretionary Spending Priorities. National Defense, and the War on Terrorism. Defense discret... More
  • The House Democratic Budget: The Majority's Entitlement Failure
    March 12, 2008 - Despite repeated warnings that Federal entitlements must be reformed to be saved, the Democratic budget deliberately puts off reform for at least 5 years – inviting a fiscal and economic crisis for these programs. THE NEED FOR REFORM Numerous experts have warned that Congress must begin reforming th... More