Omnibus Budget Reconciliation Act of 1990

E165710

The Omnibus Budget Reconciliation Act of 1990 was a major U.S. federal law that aimed to reduce the budget deficit through a combination of spending cuts and tax increases, including raising the top income tax rate and implementing new excise taxes.

All labels observed (1)

Label Occurrences
Omnibus Budget Reconciliation Act of 1990 canonical 3

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Statements (43)

Predicate Object
instanceOf United States federal statute
budget reconciliation act
alsoKnownAs 1990 budget summit agreement
amends Internal Revenue Code
surface form: Internal Revenue Code of 1986
areaOfLaw fiscal law
social welfare law
tax law
branchOfGovernment legislative branch of the United States
budgetProcessImpact strengthened PAYGO enforcement
chamberInvolved United States House of Representatives
United States Senate
changed top individual income tax rate
containsProvision changes to entitlement programs
discretionary spending limits
pay-as-you-go budget rules
spending reductions in Medicaid
spending reductions in Medicare
context early 1990s U.S. fiscal policy
country United States of America
surface form: United States
economicPolicyOrientation deficit reduction
effect increase in top income tax rate
enactedIn 101st United States Congress
hasConsequence reduced projected federal deficits in the 1990s
implementedThrough budget reconciliation process
introducedTaxType excise taxes
jurisdiction United States government
surface form: United States federal government
legalForm public law
legislativeBody United States Congress
policyInstrument spending cuts
tax increases
presidentDuringEnactment George H. W. Bush
primaryGoal reduction of the federal budget deficit
relatedTo Gramm–Rudman–Hollings Balanced Budget and Emergency Deficit Control Act of 1985
surface form: Gramm–Rudman–Hollings Balanced Budget Act

Omnibus Budget Reconciliation Act of 1987
Omnibus Budget Reconciliation Act of 1993
shortName OBRA-90
signedBy George H. W. Bush
subjectMatter discretionary spending caps
federal budget
mandatory spending programs
taxation
typeOfChange deficit-reduction package
yearEnacted 1990

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Referenced by (3)

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

101st United States Congress passedLegislation Omnibus Budget Reconciliation Act of 1990
Budget Enforcement Act of 1990 partOf Omnibus Budget Reconciliation Act of 1990
Omnibus Budget Reconciliation Act of 1989 relatedTo Omnibus Budget Reconciliation Act of 1990