Public Law 103-66
E666918
Public Law 103-66 is the formal designation for the Omnibus Budget Reconciliation Act of 1993, a major U.S. federal law that implemented significant deficit-reduction measures through tax increases and spending cuts.
All labels observed (1)
| Label | Occurrences |
|---|---|
| Public Law 103-66 canonical | 1 |
Statements (52)
| Predicate | Object |
|---|---|
| instanceOf |
United States federal statute
ⓘ
budget reconciliation act ⓘ |
| aimedAt | reducing federal budget deficit ⓘ |
| appliesTo |
Medicaid program
NERFINISHED
ⓘ
Medicare program NERFINISHED ⓘ United States taxpayers ⓘ federal agencies ⓘ |
| chamberOfOrigin | United States House of Representatives NERFINISHED ⓘ |
| containsProvision |
Medicaid savings measures
ⓘ
Medicare payment reductions ⓘ creation of 36 percent and 39.6 percent individual income tax brackets ⓘ discretionary spending caps ⓘ expansion of the Earned Income Tax Credit ⓘ fuel tax increases ⓘ increase in corporate income tax rate for highest bracket ⓘ increase in taxable portion of Social Security benefits for some beneficiaries ⓘ increase in top individual income tax rate ⓘ mandatory spending reductions ⓘ |
| country | United States of America ⓘ |
| dateSigned | 1993-08-10 ⓘ |
| enactedBy | 103rd United States Congress NERFINISHED ⓘ |
| followedBy | later federal budget and reconciliation acts ⓘ |
| impact |
reduction in projected federal deficits in the 1990s
ⓘ
significant increase in federal revenues ⓘ |
| jurisdiction |
United States government
ⓘ
surface form:
federal government of the United States
|
| legislativeProcess | budget reconciliation ⓘ |
| officialName | Omnibus Budget Reconciliation Act of 1993 NERFINISHED ⓘ |
| otherChamber | United States Senate NERFINISHED ⓘ |
| partyOfPresidentAtEnactment | Democratic Party NERFINISHED ⓘ |
| policyArea |
Medicaid
NERFINISHED
ⓘ
Medicare NERFINISHED ⓘ agriculture ⓘ earned income tax credit ⓘ education ⓘ energy ⓘ federal budget and spending ⓘ health care financing ⓘ social welfare ⓘ taxation ⓘ |
| precededBy | Omnibus Budget Reconciliation Act of 1990 NERFINISHED ⓘ |
| presidentAtEnactment | Bill Clinton NERFINISHED ⓘ |
| primaryPurpose |
deficit reduction
ⓘ
federal budget reconciliation for fiscal year 1994 and beyond ⓘ |
| publicLawNumber | Pub.L. 103-66 NERFINISHED ⓘ |
| relatedTo | federal budget for fiscal year 1994 ⓘ |
| shortName | OBRA 1993 NERFINISHED ⓘ |
| signedBy | Bill Clinton ⓘ |
| sponsorChamberMajorityParty | Democratic Party NERFINISHED ⓘ |
| statutesAtLargeCitation | 107 Stat. 312 ⓘ |
| timeHorizon | five-year deficit reduction plan ⓘ |
| votingPattern | largely along party lines ⓘ |
| yearEnacted | 1993 ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.