Amendment in the nature of a substitute sought to provide for a balanced budget by fiscal year 2001; reduce defense spending and corporate tax considerations; delay tax cuts until the budget is balanced; and increase funding for education, training, healthcare, community development, crime prevention, and other discretionary programs.

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Amendment Number
123
Description
Amendment in the nature of a substitute sought to provide for a balanced budget by fiscal year 2001; reduce defense spending and corporate tax considerations; delay tax cuts until the budget is balanced; and increase funding for education, training, healthcare, community development, crime prevention, and other discretionary programs.
Purpose
An amendment in the nature of a substitute to balance the budget by fiscal year 2001 by reducing spending for defense by approximately $190 billion, increasing revenues by $195 billion over 5 years, and delaying further tax cuts until the budget is balanced.
Congress
105
Type
HAMDT
Latest Action Date
May 21, 1997
Latest Action Text
On agreeing to the Waters amendment (A001) Failed by recorded vote: 72 - 358, 1 Present (Roll no. 143).
Latest Action Time
00:24:09
Submitted Date
May 20, 1997
Chamber
House of Representatives
Update Date
Aug 15, 2021
Amendment 123 — Informed