A bill to provide an automatic tax rebate when the Federal tax burden grows faster than the personal income of working Americans, and for other purposes.
National Tax Rebate Act of 1999 - Provides for a prorated individual tax rebate in any fiscal year in which the Federal revenue growth rate exceeds the personal income growth rate.
Amends the Congressional Budget Act of 1974 to provide for a point of order in the Senate and the House of Representatives against waiver of such tax rebate except in the case of a declaration of war. Permits waiver by an affirmative vote of two-thirds of the Members.
Introduced in Senate
Sponsor introductory remarks on measure. (CR S2031-2033)
Read twice and referred to the Committee on Finance.
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