Campbell
Banned
- Joined
- Jan 8, 2013
- Messages
- 2,138
- Reaction score
- 473
- Location
- East Tennessee
- Gender
- Male
- Political Leaning
- Liberal
This is from a Republican congress:
HRES 490 IH
106th CONGRESS
2d Session
H. RES. 490
To ensure that the fiscal year 2000 on-budget surplus is used to reduce publicly-held debt and provide tax relief to American taxpayers.
IN THE HOUSE OF REPRESENTATIVES
May 4, 2000
Mr. WELDON of Florida (for himself, Mr. ARMEY, Mr. DELAY, Mr. LARGENT, Mr. COBURN, and Mr. STEARNS) submitted the following resolution; which was referred to the Committee on Ways and Means
RESOLUTION
To ensure that the fiscal year 2000 on-budget surplus is used to reduce publicly-held debt and provide tax relief to American taxpayers.
Resolved,
SECTION 1. SHORT TITLE.
This Act may be cited as the `Save Our Surplus for Debt Reduction and Tax Rebate Resolution of 2000'.
SEC. 2. FINDINGS AND PURPOSE.
(a) FINDINGS- Congress finds that--
(1) the Office of Management and Budget estimated in the President's fiscal year 2001 budget submission that the Government will have a $19,000,000,000 nonsocial security surplus (on-budget surplus) in fiscal year 2000;
(2) it is expected that in the summer of 2000, the Office of Management and Budget will estimate an even larger budget surplus for fiscal year 2000;
(3) Government spending in fiscal year 2000 will increase faster than the rate of inflation for a total of over $1,750,000,000,000;
(4) the public debt has been paid down by $51,000,000,000 in fiscal year 1998, $88,000,000,000 in fiscal year 1999, and current estimates are that $163,000,000,000 will be paid down in fiscal year 2000;
HRES 490 IH
106th CONGRESS
2d Session
H. RES. 490
To ensure that the fiscal year 2000 on-budget surplus is used to reduce publicly-held debt and provide tax relief to American taxpayers.
IN THE HOUSE OF REPRESENTATIVES
May 4, 2000
Mr. WELDON of Florida (for himself, Mr. ARMEY, Mr. DELAY, Mr. LARGENT, Mr. COBURN, and Mr. STEARNS) submitted the following resolution; which was referred to the Committee on Ways and Means
RESOLUTION
To ensure that the fiscal year 2000 on-budget surplus is used to reduce publicly-held debt and provide tax relief to American taxpayers.
Resolved,
SECTION 1. SHORT TITLE.
This Act may be cited as the `Save Our Surplus for Debt Reduction and Tax Rebate Resolution of 2000'.
SEC. 2. FINDINGS AND PURPOSE.
(a) FINDINGS- Congress finds that--
(1) the Office of Management and Budget estimated in the President's fiscal year 2001 budget submission that the Government will have a $19,000,000,000 nonsocial security surplus (on-budget surplus) in fiscal year 2000;
(2) it is expected that in the summer of 2000, the Office of Management and Budget will estimate an even larger budget surplus for fiscal year 2000;
(3) Government spending in fiscal year 2000 will increase faster than the rate of inflation for a total of over $1,750,000,000,000;
(4) the public debt has been paid down by $51,000,000,000 in fiscal year 1998, $88,000,000,000 in fiscal year 1999, and current estimates are that $163,000,000,000 will be paid down in fiscal year 2000;