An amendment in the nature of a substitute to increase budget authority by 6 billion dollars and outlays by 2 billion dollars and to increase revenues by 28.1 billion dollars. It would provide a .5 billion dollar surplus for FY '82 and assumes the Administration's January 1, 1981, request for business tax cuts with a delay in individual tax cuts until 1983. The amendment proposes a revenue floor of 717 billion dollars in FY '82, a net decrease in aggregate revenues of 2.3 billion dollars.

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Amendment Number
8
Description
An amendment in the nature of a substitute to increase budget authority by 6 billion dollars and outlays by 2 billion dollars and to increase revenues by 28.1 billion dollars. It would provide a .5 billion dollar surplus for FY '82 and assumes the Administration's January 1, 1981, request for business tax cuts with a delay in individual tax cuts until 1983. The amendment proposes a revenue floor of 717 billion dollars in FY '82, a net decrease in aggregate revenues of 2.3 billion dollars.
Purpose
An amendment in the nature of a substitute to increase budget authority by 6 billion dollars and outlays by 2 billion dollars and to increase revenues by 28.1 billion dollars. It would provide a .5 billion dollar surplus for FY '82 and assumes the Administration's January 1, 1981, request for business tax cuts with a delay in individual tax cuts until 1983. The amendment proposes a revenue floor of 717 billion dollars in FY '82, a net decrease in aggregate revenues of 2.3 billion dollars.
Congress
97
Type
HAMDT
Submitted Date
May 6, 1981
Chamber
House of Representatives
Update Date
Aug 14, 2021
Amendment 8 — Informed