98th Congress > House > Vote 207
Description: TO PASS H.R. 1183. (MOTION PASSED)
Bill summary: (Measure passed House, Amended, roll call #218 (229-191))
Tax Rate Equity Act of 1983 - Expresses the sense of the Congress that the revenue gained from the cap on the third year of the individual tax rate cut be applied to a reduction in Federal deficits, and the Budget Committees apply the revenue gained from such cap to reduce deficit projections.
Amends the Internal Revenue Code to limit to $700 the maximum reduction in individual income tax resulting from the third year of rate reductions
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enacted by the Economic Recovery Tax Act of 1981.
Provides for a reduction in Federal expenditures in FY 1984 equal to the amount of revenue projected to be collected from the changes in the individual income tax made by this Act.
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Bill titles: A bill to amend the Internal Revenue Code of 1954 to limit to $700 the maximum reduction in individual income tax resulting from the third year of the rate cuts enacted by the Economic Recovery Tax Act of 1981.
Original source documents: Digest of the Congressional Record vol. 90, p. 4430;
Links for more info on the vote: congress.gov
