Proposed Changes Would Create Unbalanced, Flawed Budget Process

The president’s FY2005 budget contains several proposed changes to the congressional rules governing the process by which federal budget policy is legislated. These rules could have dramatic consequences for spending and tax policy over the next 5 years.

While, admittedly, changes in the budget process are not the most exciting of issues, the proposed process changes would likely cause large drops in domestic investments and a continuation of current tax policy and massive federal deficits. Download Full report (.pdf)

The president’s FY2005 budget contains several proposed changes to the congressional rules governing the process by which federal budget policy is legislated. These rules could have dramatic consequences for spending and tax policy over the next 5 years.

While, admittedly, changes in the budget process are not the most exciting of issues, the proposed process changes would likely cause large drops in domestic investments and a continuation of current tax policy and massive federal deficits. Download Full report (.pdf)

back to Blog