Statement of Administration Policy: H.R. 4060 - Full 1987 Cost-of-Living Adjustment for Federal Retirees

(Revision)
(House)
(Oakar (D) OH and 14 others)

The Administration opposes enactment of H.R. 4060 as inconsistent with the President's budget proposal to forego the 1987 cost-of-living adjustment for Federal retirees, a regrettable but necessary action in light of the deficit crisis facing the Nation.

Moreover, H.R. 4060 would exempt these programs from a sequester under Gramm-Rudman-Hollings, thereby increasing the amount that would be sequestered under non-exempt programs.

The Administration believes that, if Gramm-Rudman-Hollings is to have its intended effect of forcing fiscal discipline, the number of programs subject to sequester should not be reduced.