What is reconciliation? Q.What is reconciliation? A.Congressional budget committees use the reconciliation process to ensure tax laws and mandatory spending programs are revised according to the budget resolution’s revenue and mandatory spending targets. Reconciliation is a way to fast-track revenue and spending legislation into becoming law. Read more about What is reconciliation?
How do US taxes compare internationally? Q.How do US taxes compare internationally? A.Total US tax revenue equaled 26 percent of gross domestic product, well below the 33 percent weighted average for developed countries. Read more about How do US taxes compare internationally?
How is a budget resolution enforced? Q.How is a budget resolution enforced? A.Spending and revenue targets set in the annual budget resolution are enforced by points of order, which any member of Congress may raise against legislation inconsistent with those targets. Read more about How is a budget resolution enforced?
