Omnibus Budget Reconciliation Acts of the 1980s
E79883
The Omnibus Budget Reconciliation Acts of the 1980s were a series of U.S. federal laws that enacted major spending cuts, tax changes, and budget reforms central to President Ronald Reagan’s economic program.
Statements (46)
| Predicate | Object |
|---|---|
| instanceOf |
series of United States federal statutes
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|
| aimedAt |
implementing President Ronald Reagan’s economic program
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reducing federal budget deficits → |
| appliesToJurisdiction |
federal government of the United States
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|
| basedOn |
budget reconciliation process created by the Congressional Budget Act of 1974
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|
| country |
United States
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|
| describedBySource |
Office of Management and Budget historical tables
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United States Congressional Budget Office reports → |
| fieldOfWork |
public finance
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social welfare policy → tax law → |
| follows |
earlier federal budget acts of the 1970s
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|
| hasEffect |
changes in cost-sharing for federal health programs
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changes in eligibility rules for social programs → changes to entitlement programs → changes to federal tax policy → deficit reduction measures → increased budgetary control by Congress over mandatory spending → increased user fees in certain federal programs → long-term constraints on entitlement spending growth → modification of federal tax expenditures → reduction of domestic discretionary spending → reduction of federal spending growth → reductions in federal grants to states → |
| hasPart |
Omnibus Budget Reconciliation Act of 1980
→
Omnibus Budget Reconciliation Act of 1981 → Omnibus Budget Reconciliation Act of 1982 → Omnibus Budget Reconciliation Act of 1983 → Omnibus Budget Reconciliation Act of 1985 → Omnibus Budget Reconciliation Act of 1986 → Omnibus Budget Reconciliation Act of 1987 → Omnibus Budget Reconciliation Act of 1989 → |
| legislativeBody |
United States Congress
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|
| mainSubject |
federal budget of the United States
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fiscal policy of the United States → |
| partOf |
Reaganomics
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|
| pointInTime |
1980s
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|
| regulates |
Medicaid spending
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Medicare spending → agricultural price support programs → federal education spending → federal health care programs → federal retirement and pension programs → federal welfare programs → |
| significantPerson |
Ronald Reagan
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|
| use |
budget reconciliation procedure
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Referenced by (2)
| Subject (surface form when different) | Predicate |
|---|---|
|
Reaganomics
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implementedThrough |
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Low-Income Housing Tax Credit
("Omnibus Budget Reconciliation Acts affecting credit allocation")
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relatedLegislation |