The legislative intent of the Gramm-Rudman-Hollings Act was to
A) reduce the federal deficit by a set amount each year.
B) increase federal interstate highway expenditures.
C) increase defense-related expenditures.
D) decrease personal and corporate taxes.

Question

Quizplus · Accepted Answer

The Gramm-Rudman-Hollings Act was passed in 1985 with the goal of reducing the federal budget deficit by a set amount each year. This was done by placing limits on annual spending and instituting automatic spending cuts if those limits were exceeded. The Act was intended to address the large and growing federal deficit at the time and to put the country on a path towards fiscal responsibility.

The Legislative Intent of the Gramm-Rudman-Hollings Act Was to