Amendment100th Congress
An amendment to provide for FY 1989 savings of $20.6 billion in interest costs (as a result of refinancing the national debt with long-term, gold-backed bonds), and FY 1989 revenue increases of $25.8 billion (to be achieved through tax amnesty and more optimistic economic assumptions). Finally, the amendment provides for a FY 1989 deficit of $130.7 billion.
- Amendment Number
- 598
- Description
- An amendment to provide for FY 1989 savings of $20.6 billion in interest costs (as a result of refinancing the national debt with long-term, gold-backed bonds), and FY 1989 revenue increases of $25.8 billion (to be achieved through tax amnesty and more optimistic economic assumptions). Finally, the amendment provides for a FY 1989 deficit of $130.7 billion.
- Congress
- 100
- Type
- HAMDT
- Latest Action Date
- Mar 23, 1988
- Latest Action Text
- Amendment Failed of Passage in Committee of Whole by Recorded Vote: 75 - 347 (Record Vote No: 42).
- Submitted Date
- Mar 23, 1988
- Chamber
- House of Representatives
- Update Date
- Aug 14, 2021