A term applied to legislative bills or proposals that pay for themselves over some budget period — for instance, a proposal that includes tax increases to fully offset the value of proposed expenditure increases.
SOURCE: The Urban Institute
See also: Budget deficit
National Debt Glossary
Looks up the key terms for understanding America's financial crisis
Frequently Asked Questions: National Debt
- How did the national debt get to be so big?
- What's the difference between the debt and the deficit?
- Why can't the government just print more money to get out of debt?
- How much U.S. debt is owned by foreign countries?