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- H.R.4646
H.R.4646: Debt Free America Act
About This Bill
- This bill was introduced in the 111th Congress
- This bill is primarily about economics and public finance
- Introduced Feb. 23, 2010
- Latest Major Action Feb. 23, 2010
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Summary
Debt Free America Act - States as purposes of this Act the raising of sufficient revenue from a fee on transactions to eliminate the national debt within seven years and the phasing out of the individual income tax. Amends the Internal Revenue Code to impose a 1% fee, offset by a corresponding nonrefundable income tax credit, on transactions that use a payment instrument, including any check, cash, credit card, transfer of stock, bonds, or...
(Source: Library of Congress)
Bill Actions
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Referred to the Committee on Ways and Means, and in addition to the Committees on the Budget, Rules, and Appropriations, 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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Referred to House Rules
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Referred to House Appropriations
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| Feb. 23, 2010 |
Introduced in the House by Chaka Fattah (D-Pa.) |