But because the cost-sharing reductions are already part of current law, most of our panelists argued that directing the White House to spend them doesn't have a direct budgetary effect.
Most irritating to Republican leaders, the three rejected the approach held by many Republicans with an almost religious fervor that measurements of the budgetary effect of changes in the tax law should take account of the degree to which they can be expected to strengthen or weaken the overall economy.
By comparison, the net budgetary effect of last week's measures was £300m – a drop in the ocean.
The move toward "dynamic scoring," as the approach to gauging the budgetary effect of tax and spending changes is known, was part of a rules package passed on a 234-172 party-line vote as the Republican-controlled Congress began its work.
So the calculation of the budgetary effect of proposed tax cuts was critical.
Like the budgetary effect of Rosneft's purchase of Bashneft, only the smell of sulfur lingers.
One reason Black would want to cut SNAP in her budget, aside from the fact that many Republicans consider cutting SNAP good policy, is that the reduced safety net spending can be used to offset the budgetary effect of other Republican priorities, such as more military spending and less taxes.
Critics emphasize that even if the direct budgetary effect may be positive, the hidden costs outweigh the benefits: migrants "take jobs from British people" increasing unemployment, undercutting working conditions/wages and they put local public services (schools, housing) under pressure.
But reconciliation wouldn't work here — the process can only be used for policies that have budgetary effects and a C.B.O.
(After Ted Kennedy died and was replaced by the Republican Scott Brown, Obama and congressional Democrats used the reconciliation process to make some final, crucial changes to the health-care law). But reconciliation wouldn't work here the process can only be used for policies that have budgetary effects and a C.B.O.
"As a result, CBO believes that its estimates of the net budgetary effects of health care legislation have a roughly equal chance of turning out to be too high or too low".
