A bill to amend the Internal Revenue Code of 1954 to provide for permanent tax reductions for individuals and businesses.
Tax Rate Reduction Act - Amends the Internal Revenue Code to reduce individual, corporate estate and trust income tax rates in 1979 and 1980 and to establish a permanent reduction in such rates for 1981 and succeeding years. Increases the surtax exemption to $100,000.
Introduced in House
Introduced in House
Referred to House Committee on Ways and Means.
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