Page:United States Statutes at Large Volume 99 Part 2.djvu/847

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PUBLIC LAW 99-000—MMMM. DD, 1985

CONCURRENT RESOLUTIONS—AUG. 1, 1985

99 STAT. 1957

which provide spending authority as defined in section 401(c)(2)(C) of the Act, sufficient to achieve savings in budget authority and outlays, or (3) any combination thereof, as follows: $448,000,000 in budget authority and $509,000,000 in outlays in fiscal year 1986, $564,000,000 in budget authority and $972,000,000 in outlays in fiscal year 1987, and $1,060,000,000 in budget authority and $998,000,000 in outlays in fiscal year 1988. (y) The House Committee on Veterans' Affairs shall report changes in laws within the jurisdiction of that committee sufficient to reduce budget authority by $300,000,000 and outlays by $300,000,000 in fiscal year 1986; to reduce budget authority by $400,000,000 and outlays by $400,000,000 in fiscal year 1987; and to reduce budget authority by $450,000,000 and outlays by $450,000,000 in fiscal year 1988. (z) The House Committee on Ways and Means shall report changes in laws within the jurisdiction of that committee sufficient to reduce the budget deficit by $5,027,000,000 in fiscal year 1986; to reduce the budget deficit by $7,245,000,000 in fiscal year 1987; and to reduce the budget deficit by $9,362,000,000 in fiscal year 1988. MISCELLANEOUS PROVISIONS AUTOMATIC SECOND BUDGET RESOLUTION

SEC. 3. (a). If the Congress has not completed action by October 1, 1985, on the concurrent resolution on the budget required to be reported under section 310(a) of the Congressional Budget Act of 1974 for fiscal year 1986, then, for purposes of section 311 of such 2 USC 641. Act, this concurrent resolution shall be deemed to be the concurrent 2 USC 642. resolution required to be reported under section 310 of such Act. (b) In the House of Representatives, section 311(a) of the Congressional Budget Act of 1974, as made applicable by subsection (a) of this section, shall not apply to bills, resolutions, or amendments within the jurisdiction of a committee, or any conference report on j.m any such bill or resolution, if^ (1) the enactment of such bill or resolution as reported; (2) the adoption and enactment of such amendment; or (3) the enactment of such bill or resolution in the form recommended in such conference report; would not cause the appropriate allocation for such committee of new discretionary budget authority or new spending authority as described in section 401(c)(2)(C) of the Congressional Budget Act of 1974 made pursuant to section 302(a) of such Act for fiscal year 1986 2 USC 651. to be exceeded. 2 USC 633. TAX REFORM

SEC. 4. (a). The Congress finds that— (1) the existing tax structure of the United States distorts economic activity, leading to an inefficient use of national resources and a weakening of our domestic economic vitality and competitive posture in international markets; (2) the relative tax burdens among various taxpayer categories are manifestly unfair insofar as they arise from differences in the capabilities of taxpayers to take advantage of complicated tax laws;