Tax Reduction Act

Summary

Amends the Internal Revenue Code to increase the personal exemption, the zero bracket amount, the general tax credit, and the earned income credit. Sets forth new tax tables with lower rates.

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

Timeline

1. 23 March 1978

   Introduced

   Referred to Senate Committee on Finance.

   Source: IntroReferral

2. 23 March 1978

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

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Versions

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Documents

1 official file

• Introduced in Senate

  summary · EN · 23 March 1978

  Open at official source

Sponsors

• Sen. Danforth, John C. [R-MO] · R · Sponsor
• Sen. Javits, Jacob K. [R-NY] · R · Cosponsor
• Sen. Percy, Charles H. [R-IL] · R · Cosponsor
• Sen. Chafee, John H. [R-RI] · R · Cosponsor
• Sen. Lugar, Richard G. [R-IN] · R · Cosponsor
• Sen. Stevens, Ted [R-AK] · R · Cosponsor
• · ssfi00 · Standing

Related records

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