Amendment sought to provide fiscal year 1990 new budget authority of $1,357.4 billion; budget outlays of $1,171 billion; budget revenues of $1,074.5 billion; and a budget deficit of $96.5 billion. It would have provided an additional $9 billion in revenues by imposing an oil import fee, the additional revenue to be used for $5.8 billion in increased domestic spending and $3.2 billion for additional deficit reduction.

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Amendment Number
41
Description
Amendment sought to provide fiscal year 1990 new budget authority of $1,357.4 billion; budget outlays of $1,171 billion; budget revenues of $1,074.5 billion; and a budget deficit of $96.5 billion. It would have provided an additional $9 billion in revenues by imposing an oil import fee, the additional revenue to be used for $5.8 billion in increased domestic spending and $3.2 billion for additional deficit reduction.
Purpose
A substitute amendment calling for an additional $9 billion in revenue by imposing an oil import fee, the additional revenue to be used for $5.8 billion in increased domestic spending and $3.2 billion for additional deficit reduction. The amendment would eliminate the provisions of the resolution which cut Medicare.
Congress
101
Type
HAMDT
Latest Action Date
May 4, 1989
Latest Action Text
On agreeing to the Gephardt amendment (A005) Failed by recorded vote: 49 - 373 (Roll no. 42).
Latest Action Time
17:04:13
Submitted Date
May 4, 1989
Chamber
House of Representatives
Update Date
Jul 1, 2021
Amendment 41 — Informed