Issue Position: Pay-As-You-Go

Issue Position

Date: Jan. 1, 2012

Pay-As-You-Go rules was enacted during the Clinton Administration. These rules were put into place in an effort to balance the federal budget. These rules were also enacted to shrink the federal deficit.

According to these rules: Any new legislation, that requires revenue (spending or tax cuts) has to be paid for. This is done by either finding cuts in the budget or by raising revenue (taxes). This process avoids future deficits.


Source
arrow_upward