A bill to delay indexation of individual income taxes until the Federal deficit for any fiscal year does not exceed 2 percent of the Gross National Product for such fiscal year.

Summary

Amends the Economic Recovery Tax Act of 1981 to delay indexation of individual income tax rates until the Federal deficit for any fiscal year does not exceed two percent of the gross national product.

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

Timeline

1. 28 April 1983

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 28 April 1983

   Introduced

   Introduced in Senate

   Source: IntroReferral

3. 3 May 1983

   Committee

   Committee on Finance requested executive comment from OMB, Treasury Department.

   Source: Committee

Votes

No vote records are attached yet.

Versions

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Documents

1 official file

• Introduced in Senate

  summary · EN · 28 April 1983

  Open at official source

Sponsors

• Sen. Eagleton, Thomas F. [D-MO] · D · Sponsor
• Sen. Bumpers, Dale [D-AR] · D · Sponsor
• · ssfi00 · Standing

Related records

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