SCONRES 36 · 96th Congress · Economics and Public Finance

An original concurrent resolution revising the congressional budget for the United States Government for fiscal years 1980, 1981, and 1982.

Introduced 1979-08-24· Sponsored by Sen. Muskie, Edmund S. [D-ME]· Senate

Bill Progress

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Introduced
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Committee
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Senate Vote
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House
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Enacted
Latest: House agreed to Senate amendment with an amendment, roll call #637 (205-190).(1979-11-08)

Recorded Votes

PassedHouse · 1979-11-08
Yea 205Nay 190
PassedHouse · 1979-11-08
Yea 205Nay 190
PassedSenate · 1979-11-07
Yea 65Nay 27
PassedSenate · 1979-11-07
Yea 65Nay 27

Plain Language Summary

[AI summary unavailable — showing source text] Sets forth the congressional budget for the United States Government for fiscal years 1980, 1981, and 1982. Sets the recommended levels of Federal revenues at: $514,700,000,000 for 1980; $603,600,000,000 for 1981; and $658,400,000,000 for 1982. Recommends increases in the aggregate levels of Federal revenues of $2,000,000,000 in fiscal year 1980 and $9,700,000,000 in fiscal year 1981. Recommends a decrease in such revenues of $38,700,000,000 in fiscal year 1982. States that the appropriate levels of total new budget authority for fiscal years 1980, 1981, and 1982 respectively are as follows: $632,200,000,000; $649,200,000,000; and $722,500,000,000. Lists the appropriate levels of total budget outlays for fiscal years 1980, 1981, and 1982 respectively as follows: $542,700,000,000; $588,600,000,000; and $632,800,000,000. States that a budget deficit of $28,000,000,000 for fiscal year 1980 would be appropriate in light of economic conditions. Recommends budget surpluses of $15,000,000,000 in fiscal year 1981 and $25,600,000,000 in fiscal year 1982. Sets the appropriate level of the public debt at: $887,400,000,000 in fiscal year 1980 with an increase in the temporary statutory debt li…

Summarized by Claude AI · Non-partisan · For informational purposes only