Summary: S.Con.Res.76 — 94th Congress (1975-1976)All Information (Except Text)

There is one summary for S.Con.Res.76. Bill summaries are authored by CRS.

Shown Here:
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.