HR 5306 · 103th Congress · Taxation

Tax Rate Reduction Act of 1994

Introduced 1994-11-29· Sponsored by Rep. Saxton, Jim [R-NJ-3]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(1994-11-29)

Plain Language Summary

[AI summary unavailable — showing source text] Tax Rate Reduction Act of 1994 - Amends the Internal Revenue Code to repeal the highest income tax rate for individuals, lower the highest taxable income threshold, and reduce individual income tax rates from 1995 until 1998. Repeals the overall limitation on itemized deductions and the phaseout of personal exemptions.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (11)

11 Republicans
Rep. Gingrich, Newt [R-GA-6]GA
Rep. Armey, Richard K. [R-TX-26]TX
Rep. Hunter, Duncan [R-CA-52]CA
Rep. DeLay, Tom [R-TX-22]TX
Rep. Zimmer, Dick [R-NJ-12]NJ
Rep. Dreier, David [R-CA-28]CA
Rep. Lightfoot, Jim [R-IA-3]IA
Rep. Walker, Robert S. [R-PA-16]PA
Rep. Doolittle, John T. [R-CA-4]CA
Rep. Hancock, Mel [R-MO-7]MO
Rep. Ramstad, Jim [R-MN-3]MN