[Congressional Record Volume 161, Number 49 (Tuesday, March 24, 2015)]
[Senate]
[Pages S1828-S1829]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
SA 597. Mr. JOHNSON submitted an amendment intended to be proposed by
him to the concurrent resolution S. Con. Res. 11, setting forth the
congressional budget for the United States Government for fiscal year
2016 and setting forth the appropriate budgetary levels for fiscal
years 2017 through 2025; which was ordered to lie on the table; as
follows:
At the appropriate place, insert the following:
SEC. __. TO CONVEY CLEAR INFORMATION TO CONGRESS AND THE
PUBLIC ABOUT PROJECTED FEDERAL OUTLAYS,
REVENUES, AND DEFICITS.
As part of the annual update to the Budget and Economic
Outlook required by section 202(e) of the Congressional
Budget Act of 1974 (2 U.S. C. 602(e)), and at any other time
the Congressional Budget Office releases projections of
Federal deficits over any term of years, the Congressional
Budget Office shall publish with its projection a 1-page
statement--
(1) summarizing and categorizing total outlays, receipts,
surpluses, and deficits of the Federal Government on a
unified basis for that same prospective time period;
(2) categorizing and subtotaling separately--
(A) outlays for mandatory programs and for discretionary
programs;
(B) outlays, payroll tax revenue, and offsetting receipts
for Social Security and for Medicare;
[[Page S1829]]
(C) the surplus or deficit of revenues over outlays for
Social Security and for Medicare; and
(D) revenues.
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