Taxpayers' Deficit Reduction Act

Summary

Taxpayers' Deficit Reduction Act - Amends the Internal Revenue Code to allow taxpayers who have overpaid their income tax liability to designate on their tax returns that a specified portion of such overpayment, rather than being credited or refunded, be used to reduce the public debt of the United States. Directs the Secretary of the Treasury to transfer these designated amounts to the special account for reduction of the public debt.

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Timeline

1. 14 July 1987

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 14 July 1987

   Introduced

   Introduced in House

   Source: IntroReferral

3. 14 July 1987

   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 · 14 July 1987

  Open at official source

Sponsors

• Rep. Smith, Christopher H. [R-NJ-4] · R · Sponsor
• Rep. Holloway, Clyde [R-LA-8] · R · Sponsor
• Rep. Buechner, Jack [R-MO-2] · R · Sponsor
• Rep. Owens, Wayne [D-UT-2] · D · Sponsor
• Rep. Whittaker, Bob [R-KS-5] · R · Sponsor
• Rep. Horton, Frank J. [R-NY-29] · R · Sponsor
• Rep. Bentley, Helen Delich [R-MD-2] · R · Sponsor
• Rep. Wolpe, Howard E. [D-MI-3] · D · Sponsor
• Rep. McEwen, Bob [R-OH-6] · R · Sponsor
• Rep. Fawell, Harris W. [R-IL-13] · R · Sponsor
• · hswm00 · Standing

Related records

• related to ← Taxpayers' Deficit Reduction Act