CBO
TESTIMONY
Statement of
Robert D. Reischauer
Director
Congressional Budget Office
on the
Statutory Item Veto Proposals
before the
Committee on Governmental Affairs
United States Senate
and
Committee on Government Reform and Oversight
U.S. House of Representatives
January 12, 1995
|
NOTICE
This statement is not available for public release until
it is delivered at 10:00 a.m. (EST), Thursday, January 12, 1995. |
Chairman Roth, Chairman Clinger, and Members of both Committees, I am
pleased to appear before you today to offer the views of the Congressional
Budget Office (CBO) concerning proposals to grant the President the authority
to target individual items in legislation for elimination or reduction.
My testimony today will cover two subjects:
-
First, I will review the two most prominent statutory approaches to giving
the President the item veto--enhanced and expedited rescission--discussing
the changes that each would represent to current procedures.
-
Second, I will address three of the issues that these proposals raise--their
likely effect on spending and the deficit, the concerns raised by applying
the item veto to tax and direct spending legislation, and the possible
effect of the item veto on the Congressional workload.
This document is available in its entirety in PDF.
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