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.
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.
Actions
Sep 23, 2004
Sponsor introductory remarks on measure. (CR S9571)
Jan 9, 2003
Read twice and referred to the Committee on Finance.
Jan 9, 2003
Sponsor introductory remarks on measure. (CR S157-158)