Amendment104th Congress
Amendment in the nature of a substitute sought to allow a majority of Congress to waive the balanced budget provisions contained in the joint resolution in any fiscal year that the national unemployment rate exceeds 4 percent; and would not have required a three-fifths vote to increase taxes.
- Amendment Number
- 18
- Description
- Amendment in the nature of a substitute sought to allow a majority of Congress to waive the balanced budget provisions contained in the joint resolution in any fiscal year that the national unemployment rate exceeds 4 percent; and would not have required a three-fifths vote to increase taxes.
- Purpose
- An amendment in the nature of a substitute similar to the provisions of H. J. Res. 1, but without the requirement of a three-fifths vote to raise taxes. The substitute would instead require a three-fifths vote to raise the debt ceiling and increase deficit spending. These restrictions could be waived during times of war, military conflict, or upon the adoption of a joint resolution, upon notification by the President that the national rate of unemployment is projected to exceed 4%. (Text of the amendment was printed in the Congressional Record on January 17, 1994 as amendment No. 4.).
- Congress
- 104
- Type
- HAMDT
- Latest Action Date
- Jan 26, 1995
- Latest Action Text
- On agreeing to the Owens amendment (A002) Failed by recorded vote: 64 - 363, 1 Present (Roll no. 43).
- Latest Action Time
- 13:02:48
- Submitted Date
- Jan 26, 1995
- Chamber
- House of Representatives
- Update Date
- Aug 15, 2021