S.Con.Res.76 - Concurrent resolution revising the congressional budget for the U.S. government for the fiscal year 1976, directing certain reconciliation action, and providing for the transition quarter.94th Congress (1975-1976)
Concurrent ResolutionHide Overview
|Sponsor:||Sen. Muskie, Edmund S. [D-ME] (Introduced 11/12/1975)|
|Committees:||Senate - Budget|
|Committee Reports:||S.Rept 94-453|
|Latest Action:||Senate - 11/20/1975 Measure indefinitely postponed in Senate, H.Con.Res. 466 passed in lieu. (All Actions)|
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Summary: S.Con.Res.76 — 94th Congress (1975-1976)All Information (Except Text)
Introduced in Senate (11/12/1975)
Sets forth budget levels for the fiscal year beginning on July 1, 1975 which include: (1) total budget outlays of $375,600,000,000; (2) new budget authority of $406,200,000,000; (3) a budget deficit of $74,800,000,000; (4) Federal revenues of $300,800,000,000; and (5) a public debt of $623,200,000,000.
Directs the Senate Committee on Finance and the House Committee on Ways and Means to submit to their respective Houses legislation to decrease Federal revenues by $6,400,000,000.
States the budget levels for the transition quarter beginning on July 1, 1976.