United States · Amendment · HAMDT

HAMDT 972 (110th)

An amendment in the nature of a substitute numbered 3 printed in House Report 110-548 to balance the budget by 2012, retain provisions enacted in 2001/2003, prevent expansion of the AMT for the next 3 years, and achieve full repeal in 2013. Provides total discretionary budget authority of $1.04 trillion in fiscal year 2009, a 4.3-percent increase from 2008 enacted level. It imposes a moratorium on congressional earmarks for the balance of the 110th Congress; requires a separate vote on increasing the public debt; requires cost estimates on conference reports and unreported bills; prohibits domestic add-ons to emergency war spending bills; limits long-term spending commitments; prevents use of reconciliation to increase spending; limits `advance appropriations' to $23.565 billion in 2010; provides a $7.3-billion domestic emergency reserve fund; provides for contingency war funds; incorporates bipartisan Legislative Line Item Veto. Calls for 1 percent decrease in entitlement program spending.

Taxation · Budget