[Congressional Bills 104th Congress]
[From the U.S. Government Publishing Office]
[H. Res. 94 Introduced in House (IH)]







104th CONGRESS
  1st Session
H. RES. 94

Expressing the sense of the House of Representatives that reduction of 
  the Federal deficit should be a very high budgetary priority of the 
 Government and that savings from the enactment of spending-reduction 
     legislation should be applied primarily to deficit reduction.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           February 23, 1995

   Mr. Roemer (for himself, Mr. Minge, Ms. Harman, Mr. Pete Geren of 
 Texas, Mr. McHale, Mr. Stenholm, Mr. Condit, Mr. Deal of Georgia, Mr. 
   Tanner, Mr. Taylor of Mississippi, Mr. Gibbons, Mr. Browder, Mr. 
 Dooley, Mr. Jacobs, Mr. Baesler, Mr. Farr, Mr. Peterson of Minnesota, 
Mr. Montgomery, Mr. Poshard, and Mrs. Thurman) submitted the following 
 resolution; which was referred to the Committee on Government Reform 
                             and Oversight

_______________________________________________________________________

                               RESOLUTION


 
Expressing the sense of the House of Representatives that reduction of 
  the Federal deficit should be a very high budgetary priority of the 
 Government and that savings from the enactment of spending-reduction 
     legislation should be applied primarily to deficit reduction.

Whereas the Federal deficit is at an unacceptably high level and is projected to 
        increase in future years;
Whereas the occurrence of high deficits undermines the economic growth and well-
        being of the Nation;
Whereas the accumulation of past deficits and the current deficit has caused the 
        public debt of the United States to exceed $4.7 trillion;
Whereas tax cuts that have been proposed are projected to cost approximately 
        $200 billion over 5 years;
Whereas the tax cuts would most likely amount to a $400 or $500 tax credit at 
        the end of the year for families;
Whereas these cuts must be offset with cuts in the budget since we should not 
        take action that increases the deficit;
Whereas there is no such thing as a free lunch since tax cuts are not free;
Whereas reducing the deficit is the best tax cut for all Americans; and
Whereas the debt burden cripples the economy and jeopardizes the future 
        prosperity of our children and their children: Now, therefore, be it
    Resolved, That in order to curb the deficit and to ameliorate the 
debt burden of future generations, it is the sense of the House of 
Representatives that reduction of the Federal deficit should be a very 
high budgetary priority of the Government and that savings from the 
enactment of spending-reduction legislation should be applied primarily 
to deficit reduction.
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