Bill 118 hr 9716, also known as the Increasing Baseline Updates Act, is a piece of legislation currently being considered by the US Congress. The main purpose of this bill is to adjust the baseline for discretionary spending ...
in order to account for inflation and other factors that may affect the cost of government programs and services.
The bill proposes to increase the baseline for discretionary spending by a certain percentage each year, in order to ensure that government agencies have enough funding to keep up with rising costs. This adjustment would be based on the rate of inflation and other economic indicators, and would be calculated by the Office of Management and Budget.
Proponents of the bill argue that adjusting the baseline for discretionary spending is necessary in order to prevent budget cuts and ensure that government programs can continue to operate effectively. They believe that failing to adjust the baseline could lead to underfunding of important programs and services, which could have negative consequences for the American people.
Opponents of the bill, however, argue that increasing the baseline for discretionary spending could lead to higher government spending overall, which could contribute to the national debt. They believe that it is important to prioritize fiscal responsibility and find ways to reduce government spending, rather than increasing it.
Overall, the Increasing Baseline Updates Act is a complex piece of legislation that seeks to address the issue of rising costs and ensure that government programs have adequate funding. It is currently being debated in Congress, and it remains to be seen whether it will ultimately be passed into law.