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United States · Bill · S

S. 3416 (95th)

Excess Government Spending Surtax Act

referredUnited States· United States Congress· EN

Introduced

16 August 1978

Last action

16 August 1978 · Introduced

Status

Referred to Senate Committee on Finance.

Sponsors

Sen. Danforth, John C. [R-MO], Sen. Bellmon, Henry L. [R-OK], Sen. Proxmire, William [D-WI]

Subjects

Discovery layer

Source updated

2 September 2025

Official sourceView documentsShare

Summary

Excess Government Spending Surtax Act - Amends the Internal Revenue Code to impose upon the income of individuals and corporations a surtax in each year between 1980 and 1983 in which Federal expenditures exceed specified levels. Suspends the surtax for any year in which the unemployment rate exceeds 7.5 percent for a third consecutive month. Requires the identification of the surtax on tax forms as the "Excessive Government Spending Surtax."

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

Timeline

  1. 16 August 1978

    Introduced

    Referred to Senate Committee on Finance.

    Source: IntroReferral

  2. 16 August 1978

    Introduced

    Introduced in Senate

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

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Documents

1 official file

Leesvertaling

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Sponsors

Related records

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Sources

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