Legislative Process
PAYGO
Definition
Pay-As-You-Go rules requiring that new spending increases or tax cuts be offset by spending reductions or revenue increases elsewhere.
Related Terms
CBO
Congressional Budget Office. A nonpartisan agency that provides economic and budgetary analysis to Congress, including cost estimates for proposed legislation.
Budget ResolutionA concurrent resolution that sets Congress's overall spending and revenue targets for the upcoming fiscal year. Not signed by the President.
More Legislative Process Terms
Common Questions
- What does "PAYGO" mean?
- Pay-As-You-Go rules requiring that new spending increases or tax cuts be offset by spending reductions or revenue increases elsewhere.
- What terms are related to paygo?
- Related terms include: CBO, Budget Resolution. Understanding these related concepts helps provide context for paygo.