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[DOCID: f:hc19ih.txt]
107th CONGRESS
1st Session
H. CON. RES. 19
Expressing the sense of the Congress that future budget resolutions
should maintain our commitment to fiscal responsibility by using
agreed-upon surplus, tax, and spending figures.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
January 31, 2001
Mr. Moore (for himself and Mr. Stenholm) submitted the following
concurrent resolution; which was referred to the Committee on the
Budget
_______________________________________________________________________
CONCURRENT RESOLUTION
Expressing the sense of the Congress that future budget resolutions
should maintain our commitment to fiscal responsibility by using
agreed-upon surplus, tax, and spending figures.
Whereas disagreements on objective budget surplus figures, in the annual budget
and appropriations process, have led to repetitive and time-consuming
budget votes, decreasing the time available for consideration and
oversight of federal programs, undermining legislation to provide
responsible tax relief, and delaying enactment of legislation necessary
to fund the Government;
Whereas Congress and the Administration want to work together to do everything
possible to maintain a strong and growing economy;
Whereas an agreement on baseline estimates will prevent us from undermining the
fiscal discipline that has contributed to our economic strength and
allow Congress and the Administration to address their collective
priorities in a responsible, bipartisan manner;
Whereas a bipartisan majority of the Members of the House of Representatives and
the Senate have voted to protect the social security and medicare trust
funds;
Whereas empirical evidence and the Congressional Budget Office agree that
changes in economic conditions make projections based on ten-year
forecasts highly uncertain;
Whereas the caps on discretionary spending are set to expire at the end of
fiscal year 2002 and no formal rules will be in place to contain the
growth in discretionary spending;
Whereas baseline estimates typically overstate the size of available surpluses
by not assuming costs of extending or changing policies that affect
revenues, such as expiring tax provisions and the cost of indexing the
alternative minimum tax (AMT) to protect middle-class families from the
AMT; and
Whereas current baseline estimates do not recognize underlying demographic
pressures that will incur future obligations that may threaten projected
surpluses outside the ten-year budget window: Now, therefore, be it
Resolved by the House of Representatives (the Senate concurring),
That it is the sense of Congress that future budget resolutions, as
well as all tax and spending legislation, should maintain our
commitment to fiscal responsibility by using agreed-upon surplus, tax,
and spending figures derived from the following principles:
(1) The size of the available surplus should exclude social
security and medicare trust funds.
(2) The uncertainty of long-term economic forecasts should
be recognized.
(3) Realistic assumptions for the growth in discretionary
spending should be accounted for.
(4) The projected surplus should be adjusted to recognize
that scoring conventions do not incorporate the costs of
policies that Congress historically reauthorizes.
(5) There should be a recognition that the federal
government will incur sizable, future obligations due to
demographic pressures set to occur upon the retirement of our
baby-boom generation.
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