Amendment104th Congress
Amendment in the nature of a substitute sought to provide for a balanced budget by FY 2002 by providing $523.4 billion in deficit reduction over six years. It would have provided $126.3 billion more for education, training, environmental and health programs over six years than contained in the original resolution, and would have provided $25.4 billion less in defense funds. It would have reduced entitlement spending by $265 billion and would have provided for smaller reductions in Medicare and Medicaid than contained in the original resolution.
- Amendment Number
- 1063
- Description
- Amendment in the nature of a substitute sought to provide for a balanced budget by FY 2002 by providing $523.4 billion in deficit reduction over six years. It would have provided $126.3 billion more for education, training, environmental and health programs over six years than contained in the original resolution, and would have provided $25.4 billion less in defense funds. It would have reduced entitlement spending by $265 billion and would have provided for smaller reductions in Medicare and Medicaid than contained in the original resolution.
- Purpose
- An amendment in the nature of a substitute, consisting of the budget submitted by the President, as reestimated by the Congressional Budget Office. The amendment would provide for $523.4 billion in deficit reduction over six years in order to acheive a balanced budget by the year 2002. The amendment would spend $126.3 billion more on education, training, environmental and health programs over six years than called for in the resolution, and would spend $25.4 billion less in military spending. The amendment would cut $265 billion from mandatory spending over six years ($91.6 billion less than the resolution calls for) and would cut $42.1 billion less from Medicare, $18.3 billion less from Medicaid, $15 billion less from welfare, and $15.4 billion less from the Earned Income Tax Credit program.
- Congress
- 104
- Type
- HAMDT
- Latest Action Date
- May 16, 1996
- Latest Action Text
- On agreeing to the Sabo amendment (A003) Failed by recorded vote: 117 - 304 (Roll no. 178).
- Latest Action Time
- 15:50:01
- Submitted Date
- May 16, 1996
- Chamber
- House of Representatives
- Update Date
- Aug 15, 2021