Text: H.Con.Res.379 — 101st Congress (1989-1990)All Information (Except Text)

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HCON 379 IH
101st CONGRESS
2d Session
H. CON. RES. 379
Regarding modifications to the budget summit agreement for fiscal years 1991
through 1995.
IN THE HOUSE OF REPRESENTATIVES
October 4, 1990
Mr. OBEY (for himself, Mr. DORGAN of North Dakota, Mr. AUCOIN, Mr. BILBRAY,
Mr. BRYANT, Mr. BORSKI, Mrs. BOXER, Mr. CARDIN, Mr. COYNE, Mr. DEFAZIO,
Mr. DELLUMS, Mr. DICKS, Mr. DONNELLY, Mr. DOWNEY, Mr. DURBIN, Mr. EDWARDS of
California, Mr. FOGLIETTA, Mr. FORD of Michigan, Mr. FRANK, Mr. GEJDENSON,
Mr. GLICKMAN, Mr. HAYES of Illinois, Mr. JONES of Georgia, Mr. JONTZ,
Ms. KAPTUR, Mr. KASTENMEIER, Mrs. KENNELLY, Mr. KLECZKA, Mr. LEHMAN of
California, Mr. LEWIS of Georgia, Mr. LEVIN of Michigan, Mr. MCCLOSKEY,
Mr. MCDERMOTT, Mr. MCHUGH, Mr. MILLER of California, Mr. MINETA, Mr. MOODY,
Ms. OAKAR, Mr. OBERSTAR, Ms. PELOSI, Mr. PENNY, Mr. RANGEL, Mr. RUSSO,
Mrs. SCHROEDER, Mr. SCHUMER, Mr. SHARP, Ms. SLAUGHTER of New York, Mr. SMITH
of Florida, Mr. STARK, Mr. STUDDS, Mr. SWIFT, Mr. TORRES, Mrs. UNSOELD,
Mr. WALGREN, Mr. WAXMAN, Mr. WEISS, Mr. VENTO, Mr. MORRISON of Connecticut,
Mr. VISCLOSKY, and Mr. SKAGGS) submitted the following concurrent resolution;
which was referred to the Committee on the Budget
CONCURRENT RESOLUTION
Regarding modifications to the budget summit agreement for fiscal years 1991
through 1995.
Whereas the budget summit agreement for fiscal years 1991 through 1995 that
was reached between the President and leaders of the Congress provides a
starting point for reductions in the Federal deficit;
Whereas the spending reductions and tax increases in the proposed budget
agreement nevertheless levy an unfair burden on lower income and middle
income taxpayers;
Whereas the proposed budget agreement also does not fairly distribute the
burden of spending cuts and tax increases among upper income taxpayers;
Whereas the summit agreement does not make sufficient cuts in defense
spending to account for the reduced threat and the growing need for greater
cost sharing by allied nations;
Whereas the proposed agreement also makes unacceptable cuts in agriculture,
Medicare, unemployment, and veterans' health programs; and
Whereas appropriate fiscal modifications could produce a more equitable
budget with lower deficits, lower spending levels, and lower tax increases:
Now, therefore, be it
  Resolved by the House of Representatives (the Senate concurring), That
  the budget summit agreement of 1990, as incorporated in H. Con. Res. 310,
  should be modified--
  (1) to reduce budget authority and outlays sufficient to achieve
  $35,000,000,000 of savings in defense outlays (except with respect to the
  Desert Shield Operation) over the 5 years covered by the resolution;
  (2) to reduce budget authority and outlays sufficient to achieve
  $5,000,000,000 in savings in discretionary domestic spending in fiscal
  years 1991 and 1992;
  (3) to reduce budget authority and outlays sufficient to achieve
  $5,000,000,000 in savings in fiscal years 1993, 1994, and 1995;
  (4) to increase budget authority and outlays sufficient to reduce the cuts
  in medicare by $30,000,000,000 over the 5 years covered by the resolution;
  (5) to increase budget authority and outlays sufficient to reduce the
  cuts in agricultural programs by $4,000,000,000 over the 5 years covered
  by the resolution;
  (6) to increase budget authority and outlays by the amounts which result
  from saving $3,900,000,000 by eliminating the 2-week waiting period for
  unemployment compensation;
  (7) to increase budget authority and outlays sufficient to increase spending
  by $3,000,000,000 for energy research (to be derived from revenues generated
  by the Federal excise tax on gasoline);
  (8) to increase budget authority and outlays sufficient to reduce cuts in
  veteran's medical and health care benefits by $1,000,000,000 over the 5
  years covered by the resolution;
  (9) to increase revenue by $45,000,000,000 over the 5 years covered by
  the resolution through the elimination of the income tax `bubble';
  (10) to increase revenue by $15,000,000,000 over the 5 years covered by
  the resolution through enactment of a fourth income tax rate of 35 percent
  for individual taxpayers with more than $200,000 of adjusted gross income
  per taxable year;
  (11) to reduce revenue by $28,500,000,000 over the 5 years covered by
  the resolution through enactment of a reduction in proposed increases in
  the Federal excise tax on gasoline and elimination of the proposed home
  heating fuel tax;
  (12) to reduce revenue by $18,000,000,000 over the 5 years covered by the
  resolution through the elimination of the proposed reduction in itemized
  deductions for taxpayers with adjusted gross incomes of more than $100,000;
  (13) to reduce revenue by $2,600,000,000 over the 5 years covered by
  the resolution through the imposition of a 5-year extension of mortgage
  revenue bonds and a 5-year extension of the 25 percent deduction for health
  insurance for the self-employed;
  (14) to increase revenue by $12,000,000,000 over the 5 years covered by the
  resolution through elimination of proposed business subsidies and incentives;
  (15) to reduce revenue by $4,400,000,000 over the 5 years covered by the
  resolution through enactment of various tax equity provisions;
  (16) to reduce revenue by $10,000,000,000 over the 5 years covered by the
  resolution through enactment of a gasoline tax credit; and
  (17) to reduce revenue by $10,000,000,000 over the 5 years covered by the
  resolution through an increase in the earned income tax credit.