OASDI (Old Age, Survivors, and Disability Insurance). The Social Security programs that pay monthly benefits to retired workers and their spouses and children, to survivors of deceased workers, and to disabled workers and their spouses and children.
OASI (Old Age and Survivors' Insurance). The Social Security programs that pay monthly benefits to retired workers and their spouses and children, and to survivors of deceased workers.
The Omnibus Budget and Reconciliation Act of 1990 (OBRA90). This act increased excise and payroll taxes, added the 31 percent income tax bracket, and introduced temporary high-income phase-outs for personal exemptions and itemized deductions. OBRA93 made these changes permanent. The 13 titles in this legislation affect most agencies and aspects of the federal budget—a number of provisions concerned Medicaid pharmacy program providers.
The Omnibus Budget and Reconciliation Act of 1993 (OBRA93). This act introduced the 36 percent and 39.6 percent income tax brackets, repealed the wage cap on Medicare payroll taxes, increased the portion of Social Security benefits subject to income taxation for those with higher incomes, made more workers with children eligible for the Earned Income Tax Credit and increased their benefits, and made permanent the temporary high-income phase-outs of the personal exemption and itemized deductions. Like OBRA90, this bill affected many entitlement programs. Overall, the bill was focused on deficit reduction.
Omnibus Reconciliation Act of 1987. Legislation that attempted to decrease the budget deficit through tax increases and expenditure decreases.
Other Legal Resident. A holder of a work, student, or other visa; a person with citizen status pending.
Outcomes. The effects, the results, or the consequences of program activities; term denoting the effects of programs (e.g., crime reduction of cleaner streets) as opposed to the immediate "outputs" of programs (such as number of reports completed).
Out Year. In budget parlance, a future year beyond the period over which budget costs are tallied. In recent practice, that would be after the 10th year.
