pay-as-you-go rule

E894163

The pay-as-you-go rule is a U.S. fiscal policy requirement that new spending or tax cuts be offset by savings or revenue increases so they do not add to the federal deficit.

All labels observed (3)

Label Occurrences
Pay-As-You-Go 1
Pay-As-You-Go budget rule 1
pay-as-you-go rule canonical 1

How this entity was disambiguated

Statements (46)

Predicate Object
instanceOf budget enforcement mechanism ⓘ
fiscal policy rule ⓘ
alsoKnownAs PAYGO ⓘ
paygo rule ⓘ
linked to: PAYGO
appliesTo United States federal government ⓘ
mandatory spending ⓘ
revenue legislation ⓘ
appliesWhen Congress enacts new mandatory spending or revenue laws ⓘ
contrastsWith cut-as-you-go approaches ⓘ
policies that allow deficit-financed tax cuts ⓘ
country United States ⓘ
criticizedFor encouraging budget gimmicks to create apparent offsets ⓘ
doesNotPrimarilyApplyTo discretionary appropriations ⓘ
domain federal budgeting ⓘ
fiscal policy ⓘ
effect limits deficit increases from new laws ⓘ
enforcedBy sequestration procedures ⓘ
enforcementMechanism automatic spending cuts if targets are not met ⓘ
goal deficit neutrality of new legislation ⓘ
fiscal discipline ⓘ
implementedBy Congress ⓘ
executive branch budget agencies ⓘ
influences design of entitlement programs ⓘ
design of tax legislation ⓘ
introducedIn 1990s ⓘ
legalForm congressional budget rule ⓘ
statutory rule ⓘ
measurementAgency Congressional Budget Office ⓘ
Office of Management and Budget ⓘ
measurementBasis projected budgetary effects ⓘ
origin Budget Enforcement Act of 1990 ⓘ
policyType deficit control rule ⓘ
purpose to prevent new legislation from increasing the federal deficit ⓘ
reinstatedBy Statutory Pay-As-You-Go Act of 2010 ⓘ
relatedTo Congressional budget process ⓘ
balanced budget efforts ⓘ
federal deficit ⓘ
requires budgetary offsets for new entitlement spending ⓘ
budgetary offsets for new revenue reductions ⓘ
new direct spending to be offset ⓘ
new tax cuts to be offset ⓘ
scope federal level ⓘ
status periodically modified by Congress ⓘ
supportedFor promoting responsible budgeting ⓘ
timeHorizon multi-year budget windows ⓘ
usedIn federal budget reconciliation debates ⓘ

How these facts were elicited

Referenced by (3)

Full triples — surface form annotated when it differs from this entity's canonical label.

PAYGO → fullName → Pay-As-You-Go ⓘ
linked to: pay-as-you-go rule
PAYGO → abbreviationOf → Pay-As-You-Go budget rule ⓘ
linked to: pay-as-you-go rule