Budget Overview: Hearings Before the Committee on Appropriations, United States Senate, Ninety-ninth Congress, Second Session : Special Hearings, Budget of the U.S. Government |
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Page 56
... timates , and , I do believe , inflated estimates of the savings involved , they would have done nothing to avoid the sequester . The reason is our estimate of the deficit was $ 220 billion , and as you know , Senator , we would have ...
... timates , and , I do believe , inflated estimates of the savings involved , they would have done nothing to avoid the sequester . The reason is our estimate of the deficit was $ 220 billion , and as you know , Senator , we would have ...
Page 168
... timates . We know there are high and low ranges . Clearly , as this proc- ess evolves , we will be in constant consultation . I do think it is very helpful that you , Mr. Chairman , and the subcommittee chairmen and ranking members and ...
... timates . We know there are high and low ranges . Clearly , as this proc- ess evolves , we will be in constant consultation . I do think it is very helpful that you , Mr. Chairman , and the subcommittee chairmen and ranking members and ...
Page 200
... timates associated with that budget authority for major programs within , say , Senator McClure's Interior Subcommittee , such estimates are consistent with the overall Budget Resolution estimates , which are de- veloped by CBO . I don ...
... timates associated with that budget authority for major programs within , say , Senator McClure's Interior Subcommittee , such estimates are consistent with the overall Budget Resolution estimates , which are de- veloped by CBO . I don ...
Page 203
... timates ? Mr. PENNER . In general terms , looking at the whole period through 1991 , we have a much lower reestimate than last year . Last year , I re- member that we were $ 100 billion apart by the end of that period , be- cause of a ...
... timates ? Mr. PENNER . In general terms , looking at the whole period through 1991 , we have a much lower reestimate than last year . Last year , I re- member that we were $ 100 billion apart by the end of that period , be- cause of a ...
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Administration Administration's agency alternative minimum tax amount Answer appropriations Balanced Budget base baseline projections Benzene bill billion budget authority Budget Committee budget proposes budget resolution CBO baseline CBO estimates CBO's Chairman HATFIELD changes Congress Congressional Budget Office cost current services cuts defense outlays deferral deficit reduction deficit target dollars effect EPA's ethylene oxide Executive Order fiscal year 1987 funds FY 1987 BUDGET going Government Gramm-Rudman Gramm-Rudman-Hollings grants increase interest legislation LOW INCOME Medicaid Medicare MILLER minimum tax National Defense nondefense OMB's outlay estimates outlay savings PENNER President President's budget PRESIDENT'S FY 1987 Question rates receipts reduce the deficit reestimate request rescission revenues rule rulemaking Senator ABDNOR Senator DECONCINI Senator DOMENICI Senator JOHNSTON Senator LAUTENBERG Senator LEAHY Senator MATTINGLY Senator WEICKER sequester order Social Security spending Strategic Petroleum Reserve subcommittee submitted Superfund tax amnesty tax reform terminations timates WEICKER
Popular passages
Page 21 - Disposable family income is at an all-time high; production and productivity are increasing; and employment gains have been extraordinary. Inflation, which raged at double-digit rates just five years ago, has been reduced dramatically. During the past three years, real GNP has grown at more than double the annual rate of the last three years of the previous Administration. The prime rate of interest and other key interest rates are less than half what they were five years ago. Also, during the past...
Page 179 - One-third of the committee or subcommittee shall constitute a quorum for the purpose of transacting business other than reporting.
Page 30 - December 1, 1986, an evaluation of programs and a strategy for immediate action to meet the financial, educational, social, and safety concerns of poor families.
Page 22 - ... result that would be in no one's interest. We simply cannot let this happen. Therefore, the President's budget has as its major objective getting the deficit under control and achieving a balanced budget by FY 1991. In so doing, this budget meets or exceeds the deficit reduction targets set out in the Balanced Budget and Emergency Deficit Control Act, commonly known as Gramm-Rudman-Hollings. Last fall, there developed a bipartisan consensus to do something about the deficit. This consensus, which...
Page 3 - We have a copy of your statement here, which will be made a part of the record in full and you may proceed in any way you wish.
Page 152 - ... shall contain standards which reflect the greatest degree of emission reduction achievable through the application of technology which the Administrator determines will be available for the model year to which such standards apply, giving appropriate consideration to the cost of applying such technology within the period of time available to manufacturers and to noise, energy, and safety factors associated with the application of such technology.
Page 23 - Despite the very tight fiscal environment, this budget provides funds for maintaining — and in some cases expanding — high priority programs in crucial areas of national interest. Necessary services and income support for the dependent poor and the elderly receive significant funding in this budget. So do other programs of national interest, including drug enforcement, AIDS research, the space program, nonmilitary research, and national security.
Page 148 - Ames, Chairman of the Department of Biochemistry at the University of California...
Page 23 - High priority programs should be adequately funded. — Despite the very tight fiscal environment, this budget provides funds for maintaining — and in some cases expanding — high priority programs in crucial areas of national interest. Necessary services and income support for the dependent poor and the elderly receive significant funding in this budget. So do other programs of national interest, including drug enforcement, AIDS research, the space program, nonmilitary...
Page 137 - ... 19-year real property and low-income housing. Minimum taxes The minimum tax provisions are designed to prevent taxpayers with substantial economic income from avoiding tax liability by using certain exclusions, deductions, and credits (referred to as "items of tax preference"). In applicable cases, the excess of ACRS deductions over depreciation deductions that would have been allowed had the taxpayer used the straight-line method over a prescribed recovery period were treated as items of tax...