A resolution to urge significant deficit reduction by enacting at a minimum and across-the-board freeze on all Federal spending.

Summary

Recommends that a one-year across the board freeze of all Federal spending and existing Federal tax rates be adopted at the earliest possible date to help restore national and international confidence in the U.S. economy. Urges that such freeze encompass: (1) all appropriated accounts for defense and nondefense discretionary spending with spending maintained at FY 1987 budget authority levels; (2) inflation adjustments for all Federal retirees and other Federal entitlement beneficiaries limited to two percent, except for supplemental security income; and (3) existing Federal tax rates for individuals and corporations. Urges that such a one-year freeze be considered as the minimum acceptable step toward deficit reduction and that asset sales, improved tax compliance, and other deficit reduction measures be seriously considered.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 2 December 1987

   Introduced

   Referred to House Committee on Government Operations.

   Source: IntroReferral

2. 2 December 1987

   Introduced

   Introduced in House

   Source: IntroReferral

3. 2 December 1987

   Introduced

   Introduced in House

   Source: IntroReferral

4. 4 December 1987

   Referred

   Referred to Subcommittee on Legislation and National Security.

   Source: Committee

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in House

  summary · EN · 2 December 1987

  Open at official source

Sponsors

• Rep. Inhofe, James M. [R-OK-1] · R · Sponsor
• · hsgo00 · Standing
• · hswm00 · Standing

Related records

No cross-record relationships stored yet.