An amendment to provide for FY 1989 savings of $20.6 billion in interest costs (as a result of refinancing the national debt with long-term, gold-backed bonds), and FY 1989 revenue increases of $25.8 billion (to be achieved through tax amnesty and more optimistic economic assumptions). Finally, the amendment provides for a FY 1989 deficit of $130.7 billion.

failedUnited States· United States Congress· EN

Introduced

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Last action

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Status

Amendment Failed of Passage in Committee of Whole by Recorded Vote: 75 - 347 (Record Vote No: 42).

Records

Official amendment HAMDT 598 (100th) from United States at United States Congress. Status: Amendment Failed of Passage in Committee of Whole by Recorded Vote: 75 - 347 (Record Vote No: 42)..

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Related records

amends → A concurrent resolution setting forth the congressional budget for the United States Government for the fiscal years 1989, 1990, and 1991.

Sources

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Official source: https://www.congress.gov/amendment/100th-congress/hamdt-598
Open data entity: https://api.congress.gov/v3/amendment/100/hamdt/598
us · 100-hamdt-598 · source updated 14 August 2021