By PAYGO, you mean that the Congress and the Senate in enacting tax cuts balance those tax cuts off against reductions of program or vice versa. If you have a new program, the way you get the revenue to pay for it.
John Garamendi: “By PAYGO, you mean that the Congress and the Senate in enacting tax cuts balance those tax cuts off against reductions…”
Editor's note · Context
Garamendi is discussing the PAYGO principle regarding tax cuts and program funding.
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