Amendment103rd Congress
Amendment sought to provide fiscal year 1994 new budget authority of $1,177.3 billion; budget outlays of $1,180.9 billion; budget revenues of $888.7 billion; and a budget deficit of $234.4 billion.
- Amendment Number
- 21
- Description
- Amendment sought to provide fiscal year 1994 new budget authority of $1,177.3 billion; budget outlays of $1,180.9 billion; budget revenues of $888.7 billion; and a budget deficit of $234.4 billion.
- Purpose
- A substitute amendment to reduce deficit by $682 billion over five years--$172 billion more than the resolution. The amendment would achieve the reductions by cutting spending by $555 billion and increasing net revenues by $172 billion. In addition to the $495 billion in spending cuts contained in the Kasich proposal, the amendment would reduce spending further by an additional $60 billion by eliminating funding for the Superconducting Supercollider, cutting funding for the space station by one-third, cutting the Legislative branch by 25%, eliminating crop insurance, and further reducing farm price supports. The amendment proposes some of the tax increases contained in the Clinton proposal, but does not include several of the incentives, such as the investment tax credit for small businesses.
- Congress
- 103
- Type
- HAMDT
- Latest Action Date
- Mar 18, 1993
- Latest Action Text
- On agreeing to the Solomon amendment (A002) Failed by recorded vote: 20 - 409 (Roll no. 82).
- Latest Action Time
- 18:18:24
- Submitted Date
- Mar 18, 1993
- Chamber
- House of Representatives
- Update Date
- Aug 15, 2021