United States · Amendment · HAMDT

HAMDT 843 (102nd)

Amendment sought to: provide new tax credits or deductions to create incentives for investment and capital formation; change antitrust laws to allow for joint production ventures; change product liability laws; provide for the review of non-intended social effects of new Federal regulations; and enable taxpayers to designate up to 10% of their federal tax liability to be spent on deficit reduction and mandate automatic commensurate across-the-board spending reductions, excluding Social Security, Federal deposit insurance, and interest on the debt. \ A point of order was sustained against the amendment on the grounds that it proposed amendments to the Internal Revenue Code of 1986 which was beyond the scope of the Committee on Science and Technology and in violation of clause 5(b) of rule XXI.