Deficit and Debt Reduction and Health Care Financing Act of 1994

Summary

TABLE OF CONTENTS: Title I: Value Added Tax Title II: Surplus Revenues Deficit and Debt Reduction and Health Care Financing Act of 1994 - Title I: Value Added Tax - Amends the Internal Revenue Code to impose a five percent tax on taxable transactions (such tax to be known as a value added tax). Describes taxable transactions as the sale, import, or export of certain property or services. Sets forth rules for the administration of such tax. Title II: Surplus Revenues - Establishes the Deficit Reduction and Health Care Reform Trust Fund. Appropriates to such Fund 80 percent of the revenues from the value added tax to reduce the public debt and 20 percent to carry out Federal health care reform programs.

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3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 23 May 1994

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• Introduced in Senate (PDF)

  Introduced in Senate · EN · 23 May 1994

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• Introduced in Senate

  summary · EN · 23 May 1994

  Open at official source

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