Chapter 13: The budget: The politics of Taxing and Spending

Question 1

Authorization bill

Answer 1

An act of congress that allows certain acts of congress to pass certain bills.

Question 2

Budget

Answer 2

A set limit on the amount of money you plan on spending

Question 3

Appropriations bill

Answer 3

A bill passed every year to fund certain programs

Question 4

Budget resolution

Answer 4

A bill setting limits on expenditures based on revenue

Question 5

Deficit

Answer 5

gov’t spending over spending on federal revenues

Question 6

Expenditures

Answer 6

Government spending (such as senior programs and defense)

Question 7

Revenues

Answer 7

Financial resources the government uses

Question 8

Income tax

Answer 8

Money taken away from people for the gov’t

Question 9

16th Amendment

Answer 9

This allowed congress to have income taxes

Question 10

National debt

Answer 10

The total amount of money borrowed by the U.S. Over the years.

Question 11

Tax expenditures

Answer 11

Revenue losses that are caused by special things by the federal tax law

Question 12

Social Security Act

Answer 12

(1935) a law passed to provide a minimal level of sustenance to older Americans and prevent proverty

Question 13

Medicare

Answer 13

A program added to the Social Security

Question 14

Incrementalism

Answer 14

Budget with a small increase just in case