Date: April 29, 1976
Subject: Tax and Spending Cuts
Description: Latta (R-OH) substitute amendment to the pending committee resolution, providing for overall budget authority of $420.7 billion, outlays of $400.8 billion, revenues of $352.1 billion and a deficit of $48.7 billion. This would reduce revenues by $10.9 billion, outlays by $13.7 billion and budget authority by $23.5 billion, thus reducing the deficit by $2.8 billion.
Result: Amendment Rejected, 145-230
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