Amendment102nd Congress
A substitute amendment reducing all domestic discretionary funding to last year's budget levels, adjusted for inflation. The amendment would provide the same funding for defense as the committee resolution, while cutting entitlements by $6.4 billion in FY 1992 and $46 billion over five years by restricting the growth rate of entitlement programs to adjustments for inflation. The amendment also provides for $3.1 billion in revenue increases by cutting the capital gains tax rate and extending the Medicare payroll tax to certain state and local employees.
- Amendment Number
- 38
- Description
- A substitute amendment reducing all domestic discretionary funding to last year's budget levels, adjusted for inflation. The amendment would provide the same funding for defense as the committee resolution, while cutting entitlements by $6.4 billion in FY 1992 and $46 billion over five years by restricting the growth rate of entitlement programs to adjustments for inflation. The amendment also provides for $3.1 billion in revenue increases by cutting the capital gains tax rate and extending the Medicare payroll tax to certain state and local employees.
- Purpose
- Amendment sought to provide fiscal year 1992 new budget authority of $1,235 billion; budget outlays of $1,184.6 billion; budget revenues of $849.9 billion; and a budget deficit of $334.7 billion. It also sought to freeze discretionary domestic spending at the fiscal year 1990 level adjusted for inflation, or the President's request, whichever is lower.
- Congress
- 102
- Type
- HAMDT
- Latest Action Date
- Apr 17, 1991
- Latest Action Text
- On agreeing to the Kasich amendment (A003) Failed by recorded vote: 114 - 303 (Roll no. 69).
- Latest Action Time
- 14:33:07
- Submitted Date
- Apr 17, 1991
- Chamber
- House of Representatives
- Update Date
- Jun 7, 2021