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REP JODEY ARRINGTON: Fiscal Responsibility Begins By Ending Beltway Budget Gimmicks

Congress passed two mammoth appropriations bills providing for about $1.8 trillion in spending, spanning the entire federal government’s discretionary budget.

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Supreme Court Preview: Consumer Financial Protection Bureau v Community Financial Services Association of America - Harvard Law School

Supreme Court Preview: Consumer Financial Protection Bureau v Community Financial Services Association of America - Harvard Law School
harvard.edu - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from harvard.edu Daily Mail and Mail on Sunday newspapers.

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JOHNSON: If Congress Wants Public Trust, It Should Begin By Following Its Own Laws

JOHNSON: If Congress Wants Public Trust, It Should Begin By Following Its Own Laws
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What s Wrong with the Federal Budget Process

A better budget process would be simple, understandable, less prone to loopholes, and designed to facilitate communication between the President and Congress. Lawmakers should enact a cap on totalfederal spending. Congress could manually determine cap levels(OmniCaps) or use the inflation-plus-population-growth formula ofthe Taxpayers Bill of Rights model.

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Transparency in Revenue Estimating

Public-private competition can lay the groundwork for changes inrevenue-estimating transparency practices, but Congress can set therules, and a Blue Ribbon Commission sponsored by a governmentagency, nonprofit group, or accounting or law firm might also beuseful. One thing is sure: Change in revenue-estimatingtransparency is needed at both the Treasury Department and theJoint Committee on Taxation.

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