A bill to amend the Internal Revenue Code of 1986 to suspend future reductions of income tax rates if the Social Security surpluses are used to fund such tax rate cuts.

Fact Sheet API

Bill Number

S 88

Introduced

Jan 7, 2003

Latest Action

Read twice and referred to the Committee on Finance.

Sponsor

Cosponsors

Topics

Budget deficits Economics and Public Finance Government trust funds Income tax Social Welfare Tax rates Taxation

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Votes

Summary

Amends the Internal Revenue Code to provide that if there exists a Federal on-budget deficit income tax rate reductions shall be suspended until it is determined that such a deficit does not exist.

Actions

Jan 7, 2003

Read twice and referred to the Committee on Finance.
Jan 7, 2003

Sponsor introductory remarks on measure. (CR S74)
Jan 7, 2003

Introduced in Senate

Amendments

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