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Americans For Prosperity Americans for Prosperity (AFP) and Americans for Prosperity Foundation (AFP Foundation) are committed to educating citizens about economic policy and mobilizing those citizens as advocates in the public policy process. AFP is an organization of grassroots leaders who engage citizens in the name of limited government and free markets on the local, state and federal levels. The grassroots members of AFP advocate for public policies that champion the principles of entrepreneurship and fiscal and regulatory restraint.

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3 Things You Should Know About Federal Spending and the Rescission Process

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Unread 05.02.18, 01:59 PM
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3 Things You Should Know About Federal Spending and the Rescission Process

05.02.18 08:12 AM

If youíre like most Americans, youíve probably heard something about out-of-control federal spending at some point. Youíve heard correctly — the federal governmentís reckless spending is unsustainable. The Congressional Budget Office predicts the federal budget deficit will top $800 billion this year. One reason? Congress*recently passed a $1.3 trillion omnibus spending bill. As AFP President Tim Phillips recently*stated, The CBOís projection of Americaís rising deficit is a result of overspending, plain and simple, not the product of letting Americans keep more of what they earn. Every major tax cut from both parties has resulted in more revenue to the federal government, yet our deficits continue to climb. That is a symptom that we are spending too much, not taxing too little. Fortunately, there is a way for the president to work with Congress to curb spending, and we have an opportunity to get started by using a*rescission package. Rescissions: A Primer What exactly is a budget rescission? According to the*Bipartisan Policy Center, ďa rescission is a request made by the president to rescind funds previously appropriated by Congress. If Congress approves the presidentís rescission proposal, it would mean that particular appropriation would no longer be available to the agency to […]

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