Amendment102nd Congress
An amendment to modify the provisions of the Internal Revenue Code to allow taxpayers to designate up to 10% of their taxes be used to reduce the public debt.
- Amendment Number
- 846
- Description
- An amendment to modify the provisions of the Internal Revenue Code to allow taxpayers to designate up to 10% of their taxes be used to reduce the public debt.
- Purpose
- Amendment sought to: change antitrust laws to allow for joint production ventures; change product liability laws; provide for the review of non-intended social effects of new Federal regulations; and enable taxpayers to designate up to 10% of their federal tax liability to be spent on deficit reduction and mandate automatic commensurate across-the-board spending reductions, excluding Social Security, Federal deposit insurance, and interest on the debt. \ A point of order was sustained against the amendment on the grounds that it proposed to amend several provisions of existing law not amended by the bill reported by the Committee on Science and Technology, and thus was not germane to the bill.
- Congress
- 102
- Type
- HAMDT
- Latest Action Date
- Sep 22, 1992
- Latest Action Text
- Mr. Valentine raised a point of order against the Walker amendment (A002). The amendment contains provisions which seek to raise revenue and as such, is out of order because it exceeds the scope of the bill and the jurisdiction of the Committee. The Chair sustained the point of order.
- Latest Action Time
- 15:04:22
- Submitted Date
- Sep 22, 1992
- Chamber
- House of Representatives
- Update Date
- Jun 7, 2021