S. 1169 — A bill to delay indexation of individual income taxes until the Federal deficit for any fiscal year does not exceed 2 percent of the Gross National Product for such fiscal year.

Summary

Amends the Economic Recovery Tax Act of 1981 to delay indexation of individual income tax rates until the Federal deficit for any fiscal year does not exceed two percent of the gross national product.

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Legislative Actions

1983-04-28
Introduced in Senate
1983-04-28
Read twice and referred to the Committee on Finance.
1983-05-03
Committee on Finance requested executive comment from OMB, Treasury Department.

A bill to delay indexation of individual income taxes until the Federal deficit for any fiscal year does not exceed 2 percent of the Gross National Product for such fiscal year.

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