Paygo

In the United States, the practice of the federal government not to authorize increased spending or tax cuts without offsetting it by decreasing spending or raising taxes in some other place. That is, under paygo, all legislation and spending must be revenue neutral. The intent behind paygo is to encourage responsible spending by the federal government. It was in place between 1990 and 2002, and in 2007 and 2008 and was again implemented in 2010. See also: Statutory Pay-As-You-Go Act of 2010.

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Since the contributions are kept in virtual accounts earning a state-determined rate of return, while actual payments are made from current contributions and Republican government transfers, in effect the NDC system is a defined-contribution PAYGO.

Macro-experimental economics in the Kyrgyz republic: social security sustainability and pension reform

To view the implicit tax in the PAYGO system--which today lies between 50 percent and 60 percent of contributions--as an indication of fundamental inefficiency is completely misguided since it is nothing but the result of an intergenerational redistribution.

The Threat to the German Welfare State

In the case of the cancellation of direct spending items and limited tax benefits, the law requires that the savings be excluded from PAYGO balances; therefore, they would not be available for other direct spending initiatives or tax cuts.

The federal line-item veto: what is it and what will it do?

The statutory PAYGO rule is intended to discourage or prevent Congress from taking certain legislative action that would increase the on-budget deficit.

Entitlements and appropriated entitlements in the federal budget process

Such changes came close to passing in the last two years; moderate Republican Senators Olympia Snowe, Susan Collins, and John McCain managed to prevent the passage of a budget resolution last year specifically over opposition to one-sided PAYGO.

Squeeze time: the biggest budget battle since the famous Clinton-Gingrich face-off isn't just about cuts. It's about the GOP's real goal: permanent cuts

China's rapidly aging population, strong economic growth, and high return on capital mean that a funded pension system would be more efficient than a PAYGO system (Li and XU 1996).

A simple solution to China's pension crisis

it also occurred despite the success of the BEA on its own terms - the caps have held and the PAYGO process has discouraged new mandatory spending or tax cuts that are not paid for.

Congressional budget reform: the unanticipated implications for federal policy making

For statutory PAYGO purposes, the Statutory PAYGO Act (Title I of P.

Baselines and scorekeeping in the federal budget process

The pre-reform system existed only in the state and urban collective sectors and was a pure PAYGO system within each enterprise.

China's urban pension system: reforms and problems

2) We recognize that the problems with the process were exacerbated by the "fast track" procedures the Administration invoked in referring the GATT accord to Congress, but submit that the fast track is no better excuse for bad legislation than the PAYGO rules.

Tax Executives Institute-U.S. Department of Treasury Liaison Meeting

From a PAYGO waiver for the tax reconciliation bill, which means no cuts to Medicaid or resource receipts, to $2.

United States : Senate Passes Bill to Provide Short-Term Funding

Sequestration can also occur under the Statutory Pay-As-You-Go Act of 2010 (Statutory PAYGO, Title I of P.