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S. 126

BillFederalSenateIntroduced
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.
About This Bill
Introduced
Latest Action · September 23, 2004
Sponsor introductory remarks on measure. (CR S9571)
Congress
108th (2003–2005)
Introduced
January 9, 2003
Cosponsors (1)
0D 1R
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Summary

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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.

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