Clinton deficit reduction act

E666917

The Clinton deficit reduction act was a major 1993 U.S. budget law that raised taxes and limited spending in an effort to reduce the federal deficit during President Bill Clinton’s administration.

All labels observed (1)

Label Occurrences
Clinton deficit reduction act canonical 1

How this entity was disambiguated

Statements (48)

Predicate Object
instanceOf United States federal statute ⓘ
budget reconciliation act ⓘ
administration Clinton administration ⓘ
affects Medicare spending ⓘ
corporate income tax rates ⓘ
discretionary spending caps ⓘ
federal income tax rates ⓘ
category 1993 in American law ⓘ
Presidency of Bill Clinton ⓘ
United States federal budget legislation ⓘ
codifiedIn United States Statutes at Large ⓘ
congressNumber 103rd United States Congress ⓘ
contains revenue-raising provisions ⓘ
spending cuts ⓘ
country United States ⓘ
created Earned Income Tax Credit expansion ⓘ
dateSigned 1993-08-10 ⓘ
economicContext early 1990s U.S. budget deficits ⓘ
hasEffectOn federal budget deficit in the 1990s ⓘ
houseVoteMargin passed by one vote in the U.S. House of Representatives ⓘ
implementedThrough budget reconciliation process ⓘ
includesMeasure deficit reduction provisions ⓘ
spending restraints ⓘ
tax increases ⓘ
increased corporate income tax rate for large corporations ⓘ
top marginal income tax rate ⓘ
intendedEffect improve federal fiscal balance ⓘ
lower long-term interest rates by reducing deficits ⓘ
introduced new higher income tax brackets for high-income taxpayers ⓘ
jurisdiction federal government of the United States ⓘ
legislativeBody United States Congress ⓘ
officialName Omnibus Budget Reconciliation Act of 1993 ⓘ
opposedBy Republican Party members of Congress ⓘ
linked to: Republican Party
partyOfPresident Democratic Party ⓘ
policyType fiscal policy ⓘ
presidentDuringEnactment Bill Clinton ⓘ
primaryGoal reduce the federal budget deficit ⓘ
publicLawNumber Public Law 103-66 ⓘ
raised taxes on Social Security benefits for some higher-income recipients ⓘ
senateVoteMargin passed with Vice President Al Gore casting tie-breaking vote in the U.S. Senate ⓘ
shortName OBRA-93 ⓘ
signedBy Bill Clinton ⓘ
statutesAtLargeCitation 107 Stat. 312 ⓘ
supportedBy Democratic Party members of Congress ⓘ
timePeriod first term of Bill Clinton ⓘ
vicePresidentRole Al Gore cast tie-breaking vote in the Senate ⓘ
votingPattern passed with narrow margins in Congress ⓘ
yearEnacted 1993 ⓘ

How these facts were elicited

Referenced by (1)

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

Omnibus Budget Reconciliation Act of 1993 → alsoKnownAs → Clinton deficit reduction act ⓘ