Political Quotes

“Mr. President, I rise to submit to the Senate the budget scorekeeping report for July 2020. This is my second scorekeeping report since I filed the deemed budget resolution for fiscal year 2021 on May 4, 2020, as required by the Bipartisan Budget Act of 2019, BBA19. The report compares current-law levels of spending and revenues with the amounts agreed to in BBA19. In the Senate, this information is used to determine whether budgetary points of order lie against pending legislation. The Republican staff of the Budget Committee and the Congressional Budget Office prepared this report pursuant to section 308(b) of the Congressional Budget Act. The information included in this report is current through July 17, 2020. Since I filed the last scorekeeping report on June 4, 2020, three measures with significant enforceable budgetary effects have been enacted. Two of those measures, the Paycheck Protection Program Flexibility Act of 2020, P.L. 116-142, and the Emergency Aid for Returning Americans Affected by Coronavirus Act, P.L. 116-148, were designated as emergencies by Congress and are not subject to budgetary enforcement. The third measure, the Hong Kong Autonomy Act, P.L. 116- 149, increased both direct spending and revenues due to its imposed sanctions regime. Over the fiscal year 2021-2030 period, P.L. 116-149 would increase spending by $21 million and revenues by $28 million for a total deficit reduction of $7 million. Budget Committee Republican staff prepared Tables A-G.…”