S. 126 · 108th Congress
A bill to amend the Internal Revenue Code of 1986 to suspend future reductions of the highest income tax rate…
Full title
A bill to amend the Internal Revenue Code of 1986 to suspend future reductions of the highest income tax rate if there exists a Federal on-budget deficit.
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Never voted on. It didn't reach a floor vote before the 108th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
FeinsteinSponsor1 cosponsor · 1 R
1 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Amends the Internal Revenue Code to provide that if there exists a Federal on-budget deficit income tax rate reductions in the highest rate shall be suspended until it is determined that such a deficit does not exist.
What it does: CRS summary · Introduced in Senate · Jan 9, 2003
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: A bill to amend the Internal Revenue Code of 1986 to suspend future reductions of the highest income tax rate if there exists a Federal on-budget deficit.
Latest action (Sep 23, 2004): Sponsor introductory remarks on measure. (CR S9571)
Policy area: Taxation · Origin: Senate · Introduced: Jan 9, 2003
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.