[Congressional Bills 104th Congress]
[From the U.S. Government Publishing Office]
[S. Res. 83 Referral Instructions Senate (RIS)]







104th CONGRESS
  1st Session
S. RES. 83

To express the sense of the Senate regarding tax cuts during the 104th 
                               Congress.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

              March 2 (legislative day, February 22), 1995

  Mr. Feingold (for himself and Mr. Bumpers) submitted the following 
resolution; which was referred jointly pursuant to the order of August 
4, 1977, to the Committees on the Budget and Governmental Affairs, with 
 instructions that if one committee reports, the other committee have 
                 thirty days to report or be discharged

_______________________________________________________________________

                               RESOLUTION


 
To express the sense of the Senate regarding tax cuts during the 104th 
                               Congress.

Whereas the Federal budget according to the most recent estimates of the 
        Congressional Budget Office continues to be in deficit in excess of $190 
        billion;
Whereas continuing annual Federal budget deficits add to the Federal debt which 
        soon is projected to exceed $5 trillion;
Whereas continuing Federal budget deficits and growing Federal debt reduce 
        savings and capital formation;
Whereas continuing Federal budget deficits contribute to a higher level of 
        interest rates than would otherwise occur, raising capital costs and 
        curtailing total investment;
Whereas continuing Federal budget deficits also contribute to significant trade 
        deficits and dependence on foreign capital;
Whereas the Federal debt that results from persistent Federal deficits transfers 
        a potentially crushing burden to future generations, making their living 
        standards lower than they otherwise would have been;
Whereas efforts to reduce the Federal deficit should be among the highest 
        economic priorities of the 104th Congress; and
Whereas enacting across-the-board or so-called middle class tax cut measures 
        could impede efforts during the 104th Congress to significantly reduce 
        the Federal deficit: Now, therefore, be it
    Resolved, That it is the sense of the Senate that reducing the 
Federal deficit should be one of the Nation's highest priorities, that 
enacting an across-the-board or so-called middle class tax cut during 
the 104th Congress would hinder efforts to significantly reduce the 
Federal deficit.
                                 <all>