Spending Limitation and Tax Reduction Act

Summary

Spending Limitation and Tax Reduction Act - Title I: Spending Limitation - Places limits on increases in Congressional spending for fiscal years 1980, 1981, and 1982. Title II: Tax Reduction - Amends the Internal Revenue Code to reduce individual, estate and trust, and corporate income tax rates in 1979 and 1980, and to establish a permanent reduction in such rates for 1981 and succeeding years. Increases the surtax exemption for corporations to $100,000.

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

Timeline

1. 20 July 1978

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 20 July 1978

   Introduced

   Introduced in House

   Source: IntroReferral

3. 20 July 1978

   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 · 20 July 1978

  Open at official source

Sponsors

• Rep. Holt, Marjorie S. [R-MD-4] · R · Sponsor
• · hswm00 · Standing

Related records

• related to ← Spending Limitation and Tax Reduction Act
• related to ← Spending Limitation and Tax Reduction Act