The Omnibus Budget Reconciliation Act of 1993 (or OBRA-93) was a federal law that was enacted by the 103rd United States Congress and signed into law by President Bill Clinton. It has also been referred to, unofficially, as the Deficit Reduction Act of 1993. Part XIII, which dealt with taxes and is also called the Revenue Reconciliation Act of 1993.
Read more about Omnibus Budget Reconciliation Act Of 1993: Specifics, Alternatives, Legislative History, Effect
Famous quotes containing the words omnibus, budget and/or act:
“An omnibus across the bridge
Crawls like a yellow butterfly,
And, here and there, a passer-by
Shows like a little restless midge.”
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“A budget takes the fun out of money.”
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“‘Tis much he dares,
And to that dauntless temper of his mind,
He hath a wisdom that doth guide his valor
To act in safety.”
—William Shakespeare (1564–1616)