December 14, 1979
Page 36090
Mr. MUSKIE. Mr. President, I rise today to support the compromise amendment proposed by the majority leader and many others. This amendment, if accepted, will help us meet the budget demands of the next decade, as well as the current fiscal year.
The adoption of this compromise amendment will bring this bill into compliance with the second concurrent resolution. The proposed amendment would raise $249 million in fiscal year 1980. Net revenues for fiscal year 1980 generated by the bill would rise to $2.466 billion — a bare $66 million more than assumed in the second concurrent resolution.
The amendment will increase total revenues raised by the bill to $178.3 billion. This represents an increase in revenues raised by the bills of $41.2 billion, when compared to the bill as reported by the Finance Committee.
Mr. President, I urge the adoption of this compromise amendment.