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H Con Res 284 - Budget Resolution FY98 - National Key Vote

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NOTE: THIS IS A SUBSTITUTE BILL, MEANING THE LANGUAGE OF THE ORIGINAL BILL HAS BEEN REPLACED. THE DEGREE TO WHICH THE SUBSTITUTE BILL TEXT DIFFERS FROM THE PREVIOUS VERSION OF THE TEXT CAN VARY GREATLY.

NOTE: THIS VOTE PASSED BY UNANIMOUS CONSENT, MEANING NO MEMBER OBJECTED TO THE PASSAGE OF THE VOTE. THIS DOES NOT NECESSARILY INDICATE THAT ALL MEMBERS FAVORED THE VOTE'S OUTCOME.

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Title: Budget Resolution FY98

Vote Smart's Synopsis:

Vote to adopt the concurrent resolution that calls for $1.72 trillion in expenditures for fiscal year 1999.

Highlights:

  • Expresses the sense of Congress that the Secretary of the Treasury should consider issuing marketable interest-bearing securities to the trust funds beginning with FY 1999.
  • Calls for legislation that encourages low-income individuals and families to accumulate assets through contributions to individual development accounts.
  • Suggests that the President ensure that the implementation of the interim payment system does not negatively affect home health services availability for Medicare beneficiaries.
  • Recommends that the Federal Government fully fund programs authorized under the Individuals with Disabilities Education Act (IDEA).
  • Advises the elimination of the marriage penalty tax over time.
  • Advocates targeting tax relief on families, estates, wages, and incentives stimulating job creation.
  • $5.60 trillion suggested public debt.
  • $1.41 trillion for the new budget authority.
  • $1.32 trillion in Federal revenues.
  • $270.5 billion to National Defense.
  • $210.4 billion for Medicare.
  • $143.8 billion for Health.
  • $83 billion deficit.
  • $61.4 billion for Education, Training Employment and Social Services.
  • $44.3 billion for Transportation.
  • $22.6 billion for Natural Resources and Environment.
  • $17.9 billion for Science, Space, and Technology.
  • $14.2 billion for International Affairs.
  • $12.2 billion for Agriculture.
  • $8.7 billion for Community and Regional Development.
  • $4.4 billion for Commerce and Housing Credit.
  • $600 million for Energy.

NOTE: THIS IS A SUBSTITUTE BILL, MEANING THE LANGUAGE OF THE ORIGINAL BILL HAS BEEN REPLACED. THE DEGREE TO WHICH THE SUBSTITUTE BILL TEXT DIFFERS FROM THE PREVIOUS VERSION OF THE TEXT CAN VARY GREATLY.

Full Bill Text

Title: Budget Resolution FY98

NOTE: THIS IS A NON-BINDING CONCURRENT BUDGET RESOLUTION THAT SETS THE FUNDING LEVEL FOR DISCRETIONARY SPENDING. IT IS NOT SIGNED BY THE PRESIDENT AND THEREFORE DOES NOT HOLD THE WEIGHT OF LAW, BUT IS USED AS A GUIDE FOR CONGRESS AS IT PASSES THE ANNUAL APPROPRIATION AND OTHER BILLS.

Full Bill Text

NOTE: THIS IS A NON-BINDING CONCURRENT BUDGET RESOLUTION THAT SETS THE FUNDING LEVEL FOR DISCRETIONARY SPENDING. IT IS NOT SIGNED BY THE PRESIDENT AND THEREFORE DOES NOT HOLD THE WEIGHT OF LAW, BUT IS USED AS A GUIDE FOR CONGRESS AS IT PASSES THE ANNUAL APPROPRIATION AND OTHER BILLS.

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