A bill to amend the Internal Revenue Code of 1954 to increase the amount of dividends and interest which are excluded from gross income, and to make such exclusion permanent.

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to increase to $1,000 ($2,000 in the case of a joint return) the amount of interest and dividend income which may be excluded from gross income. Increases such exclusion to $5,000 ($10,000 in the case of a joint return) for individuals who are 65. Amends the Crude Oil Windfall Profit Tax Act of 1980 to repeal the termination date for such exclusion.…