Budget Control Act: Potential Impact of Automatic Spending Reduction Procedures on Health Reform Reviews

Book Detail
Edition:
Release: 2011-10-17
Publisher: Congressional Research Service
Binding: Kindle Edition
ISBN/ASIN: B0060O4UZG
Format: hardcover, kindle, PDF, EPUB

Budget Control Act pdf
Description

The Budget Control Act of 2011 (BCA; P.L. 112-25) established new budget enforcement mechanisms for reducing the federal deficit by at least .1 trillion over the 10-year period FY2012-FY2021. The BCA places statutory limits, or caps, on discretionary spending for each of those 10 fiscal years, which will save an estimated .9 trillion during that period. In addition, it creates a Joint Select Committee on Deficit Reduction (Joint Committee), which is instructed to develop legislation to reduce the federal deficit by at least another .5 trillion through FY2021. If Congress and the President are unable to enact a Joint Committee bill by January 15, 2012, that reduces the deficit by at least .2 trillion over the period FY2012-FY2021, then automatic annual spending reductions would be triggered beginning in FY2013. They would be achieved by lowering the caps on discretionary spending and by an automatic across-the-board cancellation of budgetary resources (i.e., spending cuts) for n Download Budget Control Act for free via rapidshare, mediafire, 4shared, dropBox, uploading, fileserve

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