Kirk Amendment To Budget Bill Would Require Large Domestic Program Cuts While Exempting Tax Cuts From Fiscal Discipline

Publication Date: June 2004

Publisher: Center on Budget and Policy Priorities (Washington, D.C.)

Author(s): Richard Kogan; Robert Greenstein

Research Area: Banking and finance; Government

Keywords: Tax code; Federal budget; Economic projections; Fiscal future

Type: Report

Abstract:

An amendment filed by Rep. Mark Kirk (R-Ill.) to the budget enforcement bill coming to the House floor on June 24 will be a major focus of debate. The amendment would exempt tax cuts from fiscal discipline and allow unlimited future tax cuts, while requiring large cuts in domestic programs. The amendment, which is in the form of a substitute for the legislation coming to the House floor (H.R. 3973), contains an array of provisions.