Paygo


Also found in: Acronyms, Wikipedia.

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.
References in periodicals archive ?
Ocasio-Cortez announced her opposition in a tweet: "PAYGO isn't only bad economics ...
If history with the Bush tax cuts is any guide, the rhetoric of the current policy baseline will obscure the costs of renewal, which in turn will pave the way for permanency of the new expiring tax cuts and an exemption from PAYGO rules.
There are also some serious practical problems, especially regarding the transition to the system of guaranteed income in countries with large PAYGO pension systems.
(77) It went on, quite presciently, to explain the path dependence of PAYGO systems.
Policies can be linked specifically through procedural devices like earmarking or more generally through procedural restrictions like PAYGO. An important question is whether these policy links will remain salient and restrict future legislative action.
The No+AFP group, for its part, wants more than just stop-gap measures: It wants to scrap the system entirely and return to the state-run PAYGO model used before 1981.
* Support legislation that would exempt the benefits paid to wartime service-connected disabled veterans from the "PAYGO" and "Cut-Go" provisions of the Budget Enforcement Act.
The St Vincent de Paul spokesman called for wider use of PAYGO systems and for payment plans to be made less costly.
spending and a pay-as-you-go (PAYGO) requirement on direct spending and
Cricket Wireless refers to the company's traditional, monthly voice service and excludes customers for Cricket Broadband and Cricket PAYGo.
“YouMail's nearly four million registered users will gain tremendous value if they choose to switch to any of Red Pocket Mobile's Unlimited or PayGo contract-free calling options.