To amend the Balanced Budget and Emergency Deficit Control Act of 1985 to allow reductions in the discretionary spending limits to be used to offset tax cuts.

Summary

Amends pay-as-you-go provisions of the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act) to provide that if legislation is enacted that reduces receipts and decreases discretionary spending limits for budget authority and outlays for the FY 1997 through 2002 period for which there is such reduction in receipts, then an amount equal to the decrease in such spending limit for outlays shall be treated as direct spending legislation decreasing the deficit for the fiscal year concerned.

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Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 22 April 1998

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• Introduced in House (PDF)

  Introduced in House · EN · 22 April 1998

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 22 April 1998

  Open at official source

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