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Taxing and Spending Bills. Chapter 7 Section 2. Warm-Up. What is a conference committee? What options does the President have when he gets an Bill (Act) from Congress? While browsing online you come across Bill # HR 2316, is this a House or Senate bill? How do you know?.

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taxing and spending bills

Taxing and Spending Bills

Chapter 7 Section 2

warm up
Warm-Up
  • What is a conference committee?
  • What options does the President have when he gets an Bill (Act) from Congress?
  • While browsing online you come across Bill # HR 2316, is this a House or Senate bill? How do you know?
making decisions about taxes
Making Decisions About Taxes
  • The House of Reps has exclusive power to start all revenue bills
  • Bills involving taxes are handled by the House Ways and Means Committee
  • Until the 1970’s tax Bills were not allowed to be amended. (The Closed Rule)
  • After 1973 the Closed Rule was done away with. (Door opened for special interests.
tax bills in the senate
Tax Bills in the Senate
  • Tax bills must still go through both houses
  • The Senate may propose changes
  • The Senate Committee on Finance has the primary responsibility for tax matters
appropriating money
Appropriating Money
  • Appropriation refers to the approval of government spending
  • Congress has the power of the purse (appropriation)
  • Two Step Procedure
    • Authorization Bill: Setting up a federal program and specifying how much money may be spent on it
    • Appropriations Bill: Providing the money needed to carry out the program or law
appropriating money1
Appropriating Money
  • Each house had its own Appropriations Committee
  • Often close relationships develop between Congress and certain agencies or projects. (Pet Projects)
  • Interest groups try to influence appropriations and get funds directed towards those agencies and programs that they support
appropriations
Appropriations
  • Most of the money spent each year goes towards uncontrollables
  • Uncontrollables are money that is already promised by the government
    • Social Security
    • Medicare
    • Federal Pensions
    • Interest on the National Debt
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