97th Congress > Senate > Vote 464
Sponsor: DOMENICI, Pete Vichi (R-NM)
Description: TO AMEND S.CON.RES.50, A BILL REAFFIRMING THE PROVISIONS OF S.CON.RES. 115, SETTING FORTH RECOMMENDED LEVELS OF TOTAL BUDGET OUTLAYS, FEDERAL REVENUES, AND NEW BUDGET AUTHORITY FOR FISCAL YEARS 1982, 1983, AND 1984. THIS AMENDMENT PROVIDES THAT IT IS THE SENSE OF THE SENATE THAT (1)PROMPT CONGRESSIONAL ACTION IS REQUIRED TO BRING INTEREST RATES DOWN, DECREASE UNEMPLOYMENT, DECREASE INFLATION SUBSTANTIALLY AND TO BALANCE THE BUDGET IN FISCAL YEAR 1984; THAT THE BUDGET COMMITTEE REPORT NO LATER THAN MARCH 31, 1982, A COMBINED REVISED SECOND CONCURRENT RESOLUTION ON THE BUDGET FOR FISCAL YEAR 1984 THAT SHALL BALANCE REVENUES AND OUTLAYS; (2) FEDERAL OUTLAYS BE REDUCED AND THE FEDERAL BUDGET BE BALANCED THROUGH SPENDING REDUCTIONS IN ALL PARTS OF THE BUDGET, INCLUDING ENTITLEMENT PROGRAMS AND REVENUE INCREASES ACHIEVED OTHER THAN THROUGH CHANGES IN THE ACCELERATED COST RECOVERY TAX ACT; AND (3)PLAN SUBMITTED BY COMMITTEES SHOULD BE A BALANCED PLAN WHICH PROVIDES FOR FEDERAL OUTLAYS NO GREATER THAN 20.5 PERCENT OF GROSS NATIONAL PRODUCT IN FISCAL YEAR 1984. (MOTION PASSED).
Original source documents: Digest of the Congressional Record vol. 183, p. 14845;
