Date: May 16, 1996
Subject: Fiscal 1997 Budget Resolution
Description: Adoption of the concurrent resolution to adopt a six-year budget plan that would balance the budget by 2002 by cutting projected spending by $714 billion and cutting taxes by $124 billion, for a net deficit reduction of $592 billion. Projected spending cuts woild come from reductions of $158 billion to Medicare, $72 billion to Medicaid, and $311 billion to discretionary spending. The resolution also calls for the elimination of the Commerce and Energy Departments and more than 130 programs, including the Goals 2000 school reform program, the AmeriCorps national service program, and the Legal Services Corporation. The resolution set binding budget levels for the fiscal year ending Sept. 30, 1997: budget authority, $1,629.9 billion; outlays, $1,618.1 billion; revenues, $1,470.4 billion; and deficit, $147.7 billion.
Result: Agreed to, 225-195
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