Omnibus Budget Reconciliation Act of 1993

E176659

The Omnibus Budget Reconciliation Act of 1993 was a major U.S. federal law that aimed to reduce the federal deficit through a combination of tax increases, particularly on higher-income earners, and spending restraints.

All labels observed (2)

How this entity was disambiguated

Statements (50)

Predicate Object
instanceOf United States federal statute ⓘ
budget reconciliation act ⓘ
administration Clinton administration ⓘ
affected Medicaid spending ⓘ
Medicare spending ⓘ
Social Security benefit taxation ⓘ
corporate income tax ⓘ
discretionary spending caps ⓘ
federal income tax ⓘ
aimedAt reducing projected federal deficits over ten years ⓘ
alsoKnownAs 1993 Budget Reconciliation Act ⓘ
Clinton deficit reduction act ⓘ
budgetFunction discretionary spending ⓘ
mandatory spending ⓘ
revenue ⓘ
category United States federal budget legislation ⓘ
United States federal taxation legislation ⓘ
chamberInvolved United States House of Representatives ⓘ
United States Senate ⓘ
component deficit reduction measures ⓘ
spending restraints ⓘ
tax increases ⓘ
congressNumber 103rd United States Congress ⓘ
country United States ⓘ
created new top individual income tax bracket ⓘ
dateSigned 1993-08-10 ⓘ
focus federal spending cuts ⓘ
higher-income taxpayers ⓘ
increased corporate income tax rate for large corporations ⓘ
taxation of Social Security benefits for higher-income beneficiaries ⓘ
top marginal income tax rate ⓘ
jurisdiction federal government of the United States ⓘ
legislativeBody United States Congress ⓘ
longTermEffect contributed to deficit reduction in the 1990s ⓘ
mechanism budget reconciliation ⓘ
opposedBy Republican Party members of Congress ⓘ
partOf United States federal budget process ⓘ
policyType fiscal policy ⓘ
president Bill Clinton ⓘ
primaryGoal reduction of the federal budget deficit ⓘ
publicLawNumber Public Law 103-66 ⓘ
shortName OBRA-93 ⓘ
signedBy Bill Clinton ⓘ
subjectOf partisan political debate ⓘ
supportedBy Democratic Party members of Congress ⓘ
timeHorizon multi-year deficit reduction ⓘ
vicePresidentTieBreaker Al Gore ⓘ
linked to: Albert Gore, Jr.
votePattern narrow margin in the House of Representatives ⓘ
tie vote in the Senate broken by the Vice President ⓘ
yearEnacted 1993 ⓘ

How these facts were elicited

Referenced by (9)

Full triples — surface form annotated when it differs from this entity's canonical label.

103rd United States Congress → enactedLaw → Omnibus Budget Reconciliation Act of 1993 ⓘ
Vaccines for Children Program → legalBasis → Omnibus Budget Reconciliation Act of 1993 ⓘ
Omnibus Budget Reconciliation Act of 1990 → relatedTo → Omnibus Budget Reconciliation Act of 1993 ⓘ
Omnibus Budget Reconciliation Act of 1993 → alsoKnownAs → 1993 Budget Reconciliation Act ⓘ
linked to: Omnibus Budget Reconciliation Act of 1993
Empowerment Zones and Enterprise Communities program → authorizedBy → Omnibus Budget Reconciliation Act of 1993 ⓘ
OBRA-93 → hasOfficialName → Omnibus Budget Reconciliation Act of 1993 ⓘ
Clinton deficit reduction act → officialName → Omnibus Budget Reconciliation Act of 1993 ⓘ
Public Law 103-66 → officialName → Omnibus Budget Reconciliation Act of 1993 ⓘ
Taxpayer Relief Act of 1997 → precededBy → Omnibus Budget Reconciliation Act of 1993 ⓘ