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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