A resolution to express the sense of the Senate in support of the principles of a flat rate individual income tax.

Summary

Expresses the sense of the Senate that the Internal Revenue Code should be amended to establish a flat-rate individual income tax based on the following principles: (1) the tax system should be simple, understandable, and evenhanded; (2) no income should be taxed more than once; (3) all income should be subject to the same rate, which should be as low as possible; (4) the tax base should be as broad as possible, with very few credits, deductions, or exclusions; (5) personal tax exemptions should be large enough to exempt the poorest households from tax liability; and (6) the amount of overall tax revenue should be no greater than under the current tax system.

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

Timeline

1. 4 August 1983

   Introduced

   Referred to the Committee on Finance.

   Source: IntroReferral

2. 4 August 1983

   Introduced

   Introduced in Senate

   Source: IntroReferral

3. 20 August 1983

   Committee

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

   Source: Committee

Votes

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Versions

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Documents

1 official file

• Introduced in Senate

  summary · EN · 4 August 1983

  Open at official source

Sponsors

• Sen. Helms, Jesse [R-NC] · R · Sponsor
• Sen. Nickles, Don [R-OK] · R · Sponsor
• Sen. D'Amato, Alfonse [R-NY] · R · Sponsor
• Sen. Murkowski, Frank H. [R-AK] · R · Sponsor
• · ssfi00 · Standing

Related records

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