A bill to provide for a mandatory balanced budget, automatic tax bracket adjustments reflecting increases in the Consumer Price Index, and, after the budget is balanced, increases in personal exemptions and the low income allowance.

referredUnited States· United States Congress· EN

Introduced

25 July 1974

Last action

—

Status

Referred to House Committee on Ways and Means.

Summary

Requires a balanced budget, except in times of war, recession, or high unemployment, as determined by the Congress. Requires tax bracket adjustments reflecting increases in the Consumer Price Index. Requires that budget surpluses be devoted to increasing personal exemptions and the low-income allowance.

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Votes

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Versions

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Documents

1 official file

Introduced in House
summary · EN · 25 July 1974
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/93rd-congress/house-bill/16137
Open data entity: https://api.congress.gov/v3/bill/93/hr/16137