A bill to amend the Internal Revenue Code of 1954 to provide targeted rate schedules to replace the across-the-board tax cuts enacted by the Economic Recovery Act of 1981.

Summary

Amends the Internal Revenue Code, as amended by the Economic Recovery Tax Act of 1981, to set forth income tax rate schedules for each category of taxpayer for taxable years 1982 and 1983 and thereafter. Repeals the ten percent withholding reductions provided for in 1982 and 1983 contained in such Act.

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

Timeline

1. 3 December 1981

   Introduced

   Introduced in Senate

   Source: IntroReferral

2. 3 December 1981

   Introduced

   Read second time and referred to Senate Committee on Finance.

   Source: IntroReferral

3. 7 December 1981

   Committee

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

   Source: Committee

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in Senate

  summary · EN · 3 December 1981

  Open at official source

Sponsors

• Sen. Mitchell, George J. [D-ME] · D · Sponsor
• · ssfi00 · Standing

Related records

No cross-record relationships stored yet.