S. 126 · 108th Congress
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.
- Stage
- In committee
- Sponsor
- Dianne Feinstein
- Introduced
- 2003-01-09
- Latest action
- 2004-09-23 · Sponsor introductory remarks on measure.
Summary
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.