[20061228]RS22098_1990年、1993年、1997年和2006年颁布的和解立法对赤字的影响.pdf

Order Code RS22098Updated December 28, 2006Deficit Impact of Reconciliation LegislationEnacted in 1990, 1993, 1997, and 2006Robert KeithSpecialist in American National GovernmentGovernment and Finance DivisionSummaryDuring the past 25 years, Congress has sent the President 21 measures under budgetreconciliation procedures; 18 were signed into law and three were vetoed. During the1980s and 1990s, such legislation often reflected Congresss most significant efforts toreduce the deficit through changes in revenue and mandatory spending laws. In recentyears, however, reconciliation has been used mainly to reduce revenues. Most recently,in 2006, Congress and the President enacted reconciliation legislation reducing bothmandatory spending and revenues, yielding a net increase in the deficit.Some Members have called for renewed deficit-reduction efforts in the 110thCongress using the reconciliation process. As background on past efforts in this regard,the deficit impact of several major reconciliation acts enacted in the 1990s and in 2006is briefly summarized.Over a five-year period, according to Congressional Budget Office (and the JointCommittee on Taxation), the Omnibus Budget Reconcili