The Gramm-Rudman-Hollings Act sought to ________ each year between 1987 and 1991.
A) increase the federal budget by $145 billion
B) increase tax revenues by $75 billion
C) reduce capital gains by $14 billion
D) reduce the federal deficit by $36 billion

Question

Quizplus · Accepted Answer

The Gramm-Rudman-Hollings Act aimed to reduce the federal deficit by a set amount each year until 1991. Option A is incorrect because the goal was to reduce the deficit, not increase spending. Option B is also incorrect as the Act focused on reducing the deficit rather than increasing tax revenues. Option C is unrelated to the goals of the Act.

The Gramm-Rudman-Hollings Act Sought to ________ Each Year Between 1987