96th Congress > Senate > Vote 465

Date: 1979-12-10

Result: 29-58

Vote Subject Matter: Government Management / Regulation Special Interest

Sponsor: McCLURE, James Albertus (R-ID)

Description: TO AGREE TO A SUBSTITUTE FOR TITLE I OF H.R. 3919 THAT LEVIES A 90% TAX ON THE INCOME OF THE PETROLEUM INDUSTRY WHICH EXCEEDS THE AVERAGE RATE OF RETURN ON CAPITAL INVESTMENT FOR ALL MANUFACTURING CORPORATIONS FOR THAT TAXABLE YEAR. (MOTION FAILED) SEE NOTE(S) 22

Original source documents: Digest of the Congressional Record vol. 175, p. 18112;

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