A bill to amend the Internal Revenue Code of 1954 to provide a permanent reduction in corporate taxes.

Summary

Amends the Internal Revenue Code to reduce corporation tax rates by establishing a graduated scale ranging from a minimum of 18 percent for taxable income under $25,000 up to $64,500 plus 46 percent (diminished over five years to 42 percent) for income over $200,000.

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

No vote records are attached yet.

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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