OBRA-93

E666916

OBRA-93 is a U.S. federal law enacted in 1993 that significantly raised taxes on higher-income individuals and corporations and implemented major deficit-reduction measures as part of President Bill Clinton’s economic program.

All labels observed (2)

Label Occurrences
OBRA-93 canonical 3
OBRA 1993 1

How this entity was disambiguated

Statements (47)

Predicate Object
instanceOf United States federal law ⓘ
budget reconciliation act ⓘ
aimedAt deficit reduction ⓘ
reducing federal budget deficit ⓘ
appliesTo corporations ⓘ
higher-income taxpayers ⓘ
branchOfGovernment legislative branch ⓘ
containsProvision deficit-reduction measures ⓘ
spending cuts ⓘ
tax increases ⓘ
country United States ⓘ
dateSigned 1993-08-10 ⓘ
enactedInYear 1993 ⓘ
followedBy Balanced Budget Act of 1997 ⓘ
hasAcronym OBRA-93 ⓘ
hasEffectOn corporate tax rates ⓘ
earned income tax credit ⓘ
federal budget deficit ⓘ
federal revenues ⓘ
income tax rates ⓘ
hasLongTermEffect contributed to reduction of projected federal deficits ⓘ
hasOfficialName Omnibus Budget Reconciliation Act of 1993 ⓘ
historicalContext early Bill Clinton administration fiscal reforms ⓘ
introducedTaxPolicyChange expanded earned income tax credit ⓘ
increased corporate income taxes ⓘ
increased fuel taxes ⓘ
increased taxes on higher-income individuals ⓘ
raised corporate income tax rate ⓘ
raised top marginal income tax rate ⓘ
jurisdiction United States federal government ⓘ
language English ⓘ
legalStatus in force (as amended) ⓘ
legislativeBody United States Congress ⓘ
legislativeProcess budget reconciliation process ⓘ
locatedInLegalCode Public Law 103-66 ⓘ
opposedBy Republican Party members of Congress ⓘ
linked to: Republican Party
partOf Bill Clinton economic program ⓘ
policyType budget policy ⓘ
fiscal policy ⓘ
tax policy ⓘ
precededBy Omnibus Budget Reconciliation Act of 1990 ⓘ
presidentDuringEnactment Bill Clinton ⓘ
signedBy Bill Clinton ⓘ
subjectMatter federal budget ⓘ
public finance ⓘ
taxation ⓘ
supportedBy Democratic Party members of Congress ⓘ

How these facts were elicited

Referenced by (4)

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

OBRA-93 → hasAcronym → OBRA-93 ⓘ
Public Law 103-66 → shortName → OBRA 1993 ⓘ
linked to: OBRA-93