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BillTally Report: Congress Still Proposing New Spending
October 31, 2013
As we approach the final weeks of the first session in the 113th Congress, taxpayers have already been faced with a number of major legislative shakeups in Washington, D.C. From automatic sequestration cuts to the rollout of several major provisions of the Affordable Care Act – and a multi-week government shutdown, to boot – there’s been a lot for citizens to consider as they reflect on how their Representatives and Senators have used their tax dollars.
Fortunately, National Taxpayers Union Foundation (NTUF) has been keeping tabs on Congressional budget proposals through its BillTally project – the only comprehensive database that tracks every major spending and saving bill introduced on Capitol Hill. In a new Policy Paper, NTUF Director of Research Demian Brady has crunched the BillTally numbers from the first six months of the current session of Congress to offer taxpayers perspective and insight into how the proposals we’ve seen so far measure up to those in previous years.
Among the major findings:
Brady also analyzed lawmakers’ proposals by policy category, and found that health care and job creation/”stimulus” measures carried the highest costs to taxpayers. Among the least expensive proposals – those that would reduce federal spending the most – were across-the-board spending cuts, Affordable Care Act repeals, and tax code reforms that would reduce or eliminate many refundable credits.
Overall, although the 113th Congress has introduced its share of spending cuts, Brady’s analysis shows that at least over the first six months, it is doing so at a slower pace than the 112th. That finding comes at a time when many Americans are still concerned over mounting deficits and no sure sign that a long-term budget deal will be worked out in the coming months.
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