S. 126 — A bill to amend the Internal Revenue Code of 1986 to suspend future reductions of the highest income tax rate if there exists a Federal on-budget deficit.

Summary

Amends the Internal Revenue Code to provide that if there exists a Federal on-budget deficit income tax rate reductions in the highest rate shall be suspended until it is determined that such a deficit does not exist.

Full Text

Legislative Actions

2003-01-09
Introduced in Senate
2003-01-09
Sponsor introductory remarks on measure. (CR S157-158)
2003-01-09
Read twice and referred to the Committee on Finance.
2004-09-23
Sponsor introductory remarks on measure. (CR S9571)

A bill to amend the Internal Revenue Code of 1986 to suspend future reductions of the highest income tax rate if there exists a Federal on-budget deficit.

Sponsors

Subjects

Summary

Full Text

Legislative Actions

Ask about this bill