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Taxing and Spending Bills

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

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  1. Taxing and Spending Bills Chapter 7 Section 2

  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?

  3. 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.

  4. 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

  5. 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

  6. 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

  7. 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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