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)

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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 Omnibus Budget Reconciliation Act of 1993
surface form: 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 of America
surface form: 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 United States government
surface form: federal government of the United States
legislativeBody United States Congress
longTermEffect contributed to deficit reduction in the 1990s
mechanism budget reconciliation
opposedBy Republican Conference of the United States House of Representatives
surface form: 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 Albert Gore, Jr.
surface form: Al Gore
votePattern narrow margin in the House of Representatives
tie vote in the Senate broken by the Vice President
yearEnacted 1993

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Referenced by (5)

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 Omnibus Budget Reconciliation Act of 1993
this entity surface form: 1993 Budget Reconciliation Act
Empowerment Zones and Enterprise Communities program authorizedBy Omnibus Budget Reconciliation Act of 1993