Congress’ New “PAYGO” Rule

The Democratic party assumed control of the U.S. House of Representatives on Thursday, and among the first actions that incoming House Speaker Nancy Pelosi sought to take to distinguish her leadership from that of the House’s previous management was to institute a “Pay As You Go” rule for new spending. Vox‘s Tara Golshan describes what Speaker Pelosi’s new “PAYGO” rule would mean:
House Democratic leaders want to institute a “pay as you go,” or PAYGO, rule for the next two years. The rule means any legislation increasing mandatory spending (like entitlement programs) or cutting taxes—and therefore increasing the deficit over the

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