The term Cutgo is a colloquial reference to the “Cut-As-You-Go” point of order, more formerly known as clause 10 of rule XXI of the Rules of the House of Representatives. It takes the form of a point of order against bills, joint resolutions and amendments that cause an increase in direct spending in two multi-year periods. Because of the way those periods are defined in the text of the point of order, as it refers back to the statutory definition of “budget year” might be a five-year and ten-year period, or a six-year and eleven-year period, depending on the day of the year the measure is considered.
See §14. Cut-As-You-Go in the Budget Counsel Reference Directory.