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United States · Bill · HR

H.R. 1796 (96th)

Tax Reduction Act of 1979

referredUnited States· United States Congress· EN

Introduced

1 February 1979

Last action

—

Status

Referred to House Committee on Ways and Means.

Sponsors

—

Subjects

Discovery layer

Source updated

2 September 2025

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Summary

Tax Reduction Act of 1979 - Amends the Internal Revenue Code to lower individual income tax rates. Provides that the scheduled reductions in such rates shall not take effect if, after adoption of the second concurrent resolution on the Congressional budget, Federal expenditures exceed specified percentages of the gross national product during such years or if Congress declares that such reductions are not warranted due to the state of the economy or a national emergency.

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Documents

1 official file

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Sources

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