Joint resolution to limit expenditures and net lending during the fiscal year 1975 to $297 billion, and for other purposes.

Summary

Stipulates that expenditures and net lending during the fiscal year 1975 under the Budget of the United States Government shall be limited to $297,000,000,000. States that if such expenditures and net lending during the fiscal year ending June 30, 1975, exceed $297,000,000,000, a surtax of five percent shall be applied with respect to the income tax of taxpayers for taxable year 1975.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 11 October 1974

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 11 October 1974

   Introduced

   Introduced in House

   Source: IntroReferral

3. 11 October 1974

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in House

  summary · EN · 11 October 1974

  Open at official source

Sponsors

• Rep. Martin, James G. [R-NC-9] · R · Sponsor
• · hswm00 · Standing

Related records

• related to ← A joint resolution to limit expenditures of the United States Government during the fiscal year ending June 30, 1975.