Amendment sought to provide fiscal year 1995 new budget authority of $1,185.6 billion; budget outlays of $1,187.6 billion; budget revenues of $977.8 billion; and a budget deficit of $209.5 billion.

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Amendment Number
464
Description
Amendment sought to provide fiscal year 1995 new budget authority of $1,185.6 billion; budget outlays of $1,187.6 billion; budget revenues of $977.8 billion; and a budget deficit of $209.5 billion.
Purpose
An amendment in the nature of a substitute which calls for $600 billion in additional deficit reduction over the next 5 years on top of the $496 billion in deficit reduction that the Congress enacted last year. The amendment seeks to achieve its deficit reduction entirely through spending reductions; it does not contain any revenue provisions. The spending reductions targeted by the amendment involve eliminating all agricultural subsidies except the dairy program, canceling the Space Station, and terminating the Community Development Block Grant program.
Congress
103
Type
HAMDT
Latest Action Date
Mar 10, 1994
Latest Action Text
On agreeing to the Solomon amendment (A002) as modified Failed by recorded vote: 73 - 342 (Roll no. 52).
Latest Action Time
19:41:53
Submitted Date
Mar 10, 1994
Chamber
House of Representatives
Update Date
Aug 15, 2021
Amendment 464 — Informed