Analyzing Government Spending's Impact on Inflation
This act aims to ensure that the Congressional Budget Office (CBO) analyzes how large government expenditures, especially those related to major budget law changes, might affect price increases over the next five years. This allows citizens to better understand the potential financial consequences of Congressional decisions on their wallets and purchasing power.
Key points
Inflation analysis requirement: The CBO will assess how new major budget laws will impact inflation in their effective year and for the subsequent four years.
Increased transparency: Information on potential price increases will be publicly available, allowing citizens to better evaluate the impact of government actions on their daily expenses.
Expired
Citizen Poll