Amendment in the nature of a substitute sought to provide for a balanced budget; increase domestic discretionary funding by $100 billion; cut defense spending by $20 billion; limit tax cuts to $60 billion over five years targeted to middle-income families and small businesses; and finance these reductions with other tax offsets.

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Amendment Number
126
Description
Amendment in the nature of a substitute sought to provide for a balanced budget; increase domestic discretionary funding by $100 billion; cut defense spending by $20 billion; limit tax cuts to $60 billion over five years targeted to middle-income families and small businesses; and finance these reductions with other tax offsets.
Purpose
An amendment in the nature of a substitute to increase domestic discretionary funding by $103 billion more than the budget resolution. The amendment would cut defense spending by $20 billion and limit the tax cut to $60 billion over five years targeted to middle-income families and small businesses and off-set by increases in other revenues.
Congress
105
Type
HAMDT
Latest Action Date
May 21, 1997
Latest Action Text
On agreeing to the Kennedy (MA) amendment (A004) Failed by recorded vote: 123 - 306 (Roll no. 146).
Latest Action Time
02:30:06
Submitted Date
May 21, 1997
Chamber
House of Representatives
Update Date
Aug 15, 2021
Amendment 126 — Informed