A bill to amend the Internal Revenue Code of 1954 to require that the revenues of any new taxes be used to reduce the Federal deficit, and for other purposes.

openUnited States· United States Congress· EN

Introduced

3 January 1985

Last action

—

Status

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

Summary

Amends the Internal Revenue Code to establish in the Treasury a Deficit Reduction Trust Fund. Appropriates to such trust fund any revenues received from any tax imposed after January 1, 1985. Sets forth requirements for the expenditure of funds from such trust fund.

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Versions

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Documents

1 official file

Introduced in Senate
summary · EN · 3 January 1985
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/99th-congress/senate-bill/125
Open data entity: https://api.congress.gov/v3/bill/99/s/125