McCarthy releases House rules package, still short speaker votes – JP

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The rules package also returns some House rules Republicans had when they were in the majority that Democrats got rid of in 2019. And it eliminates a few rules Democrats had in place for the past two Congresses. 

Several of those are budget-related rules that Republicans feel better adhere to their spending and tax priorities. 

The GOP replaced Democrats’ preferred pay-as-you-go rule, which requires legislation adding to the deficit to be offset with spending cuts or tax increases, with a cut-as-you-go rule that only requires offsets if bills increase mandatory spending within a five-year or ten-year budget window. This means Republicans can pass tax cuts that would add to the deficit, which they have already broadcast plans to do with legislation to extend several provisions of their 2017 law that have expired or are set to sunset in 2025.

Also in the tax cutting spirit, Republicans would restore a rule requiring a three-fifths supermajority vote to pass any tax rate increases. This is largely a symbolic rule, however, since Republicans control what legislation and amendments come to the floor and wouldn’t bring measures that would raise tax rates up for a vote.

Another rule that could help Republicans with tax cuts would require the Congressional Budget Office and Joint Committee on Taxation to incorporate macroeconomic effects, like changes in economic output and employment, into their official cost estimates for “major” legislation “to the extent practicable.” Major legislation is defined as a measure that would cause a gross budgetary effect in any fiscal year within the budget window that equals or exceeds 0.25 percent of the projected GDP for that year. Alternatively, the Budget chair can designate spending legislation and the Ways and Means chair can designate revenue legislation as major for purposes of triggering this rule. 

Source
Las Vegas News Magazine

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