The Federal Budget for 1996: Hearing Before the Committee on Appropriations, House of Representatives, One Hundred Fourth Congress, First SessionU.S. Government Printing Office, 1995 - 173 lappuses Distributed to some depository libraries in microfiche. |
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30 percent cut additional Administration's agencies Americans Answer appropriations assets assistance average balanced budget amendment bill billion Blue Chip budget deficit budget proposes caps Chairman LIVINGSTON Clinton Committee Congress Contract with America debt defense deficit reduction Department Director Rivlin discretionary spending dollars effect EITC eliminate employment estimate Exchange Stabilization Fund families Federal Government Federal Reserve fiscal discipline G.I. Bill Goals going Gross Domestic Product growth rate Head Start income individual retirement accounts inflation interest rates intervention sale investment living standards loan Medicaid Medicare ment minimum wage Office outlays Pell Grant percent increase percent of GDP President President's budget private sector projected QUESTIONS FROM CONGRESSMAN reduce the deficit reform request rescission revenues savings Secretary RUBIN Social Security Superfund tax cut tax relief Thank tion Treasury trust funds Tyson workers
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13. lappuse - Raising the standard of living for average families, now and in the future: The President is proposing a Middle Class Bill of Rights. For the short term, it will provide needed tax relief to help millions of average families raise their living standards now. And for the long term, it will give those families the tools they need to raise their living standards in the future . The Middle Class Bill of Rights: * Provides a $500 per child tax credit for middleincome families with children under 13; *...
151. lappuse - For the purpose of stabilizing the exchange value of the dollar, the Secretary of the Treasury, directly or through such agencies as he -may designate, is authorized, for the account of the fund established in this section, to deal in gold and foreign exchange, and such other instruments of credit or security as he may deem necessary to carry out the purpose of this section.
40. lappuse - The Secretary of Housing and Urban Development would be authorized to designate two urban empowerment zones in addition to the six urban and three rural zones designated on December 21, 1994. This would have the effect of extending the current empowerment zone tax incentives to these additional areas, with technical modifications. In addition, 20 additional empowerment zones and 80 additional enterprise communities, which will be subject to modified eligibility criteria, would be authorized.
22. lappuse - Act — HIV/AIDS Funding: The budget proposes $723 million for the Ryan White program, which provides HIV/AIDS treatment services. Since this Administration took office, funding for the Ryan White program has increased by 82 percent. Our proposal for 1996 will more than double Ryan White funding since 1993. Immunizations: We propose $844 million for immunizations in 1996 to support the purchase of more vaccine to distribute through public health clinics and continued improvements in infrastructure...
24. lappuse - Medicare and Medicaid to increase, bringing insurance protection to some of our most vulnerable citizens. The Medicaid population will grow at a projected average annual rate of 3.8 percent between now and 2000. But this expansion in covered populations explains a relatively small part of the increased Federal spending for Medicare and Medicaid — and could be accommodated without undue pressure on the deficit. More important, from a fiscal standpoint, is that Medicare and Medicaid expenditures...
151. lappuse - ... (over $6.9 billion), and US holdings (assets) of SDRs totalled SDR 6,488 million (about $9.2 billion) . Reflecting the termination of the fixed exchange rate system and the amendments to the Articles of Agreement to the IMF, section 10 (a) of the Gold Reserve Act was amended in 1976 to specify that the ESF is to be utilized as the Secretary "may deem necessary to and consistent with the United States obligations in the International Monetary Fund.
17. lappuse - ... capability. The budget proposes $11.2 billion in total Energy Department spending on defense activities. It includes $6.6 billion of cleanup and disposal of wastes from prior nuclear weapons activities, $0.7 billion for developing nuclear reactors for Naval vessels, and $0.7 billion for nonproliferation, arms control, and other activities. Intelligence remains a critical ingredient of our national security posture. To support it, we propose to keep the Intelligence budget at the 1995 level. To...
40. lappuse - Earned Income Tax Credit EITC denied to undocumented workers. Under this compliance proposal, only individuals who are authorized to work in the United States would be eligible for the earned income tax credit (EITC). When claiming the EITC, taxpayers would be required to provide a valid social security number for themselves, their spouses, and their qualifying children. Only social security numbers that are valid for employment purposes in the US would enable the individual to claim the EITC. In...
32. lappuse - Additional efforts are aimed at terminating certain agencies and programs and restructuring others. In addition, we propose to turn over to the private sector or to state governments activities that they are well positioned to carry out themselves.
18. lappuse - In general, it did not focus on the more basic question of "what" the Federal Government should, and should not, do. with this budget, the President has begun to tackle this very fundamental question. He is proposing a major restructuring of three Cabinet departments — Housing and Urban Development, Transportation, and Energy — and two major agencies — the General Services Administration and the Office of Personnel Management. We expect these restructurings to save S23 billion over the next...