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- H.R.4379
H.R.4379: Budget Surplus Dividend Act of 1998
About This Bill
- This bill was introduced in the 105th Congress
- This bill is primarily about taxation
- Introduced July 31, 1998
- Latest Major Action July 31, 1998
Bill Sponsor
Bill Summary
Budget Surplus Dividend Act of 1998 - Amends the Internal Revenue Code to allow, upon a specified determination of budgetary surplus, a credit equal to a certain percentage of a taxpayer's annual social security taxes. Provides for the use of budgetary surplus to reduce public debt and increase nondefense discretionary spending.
(Source: Library of Congress)
Bill Actions
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Referred to the Committee on Ways and Means, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
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Referred to House Ways and Means
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Referred to House Budget
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| July 31, 1998 |
Introduced in the House by Charles E. Schumer (D-N.Y.) |