A bill to amend the Internal Revenue Code of 1954 to provide for cost-of-living adjustments in the individual tax rates and in the amount of personal exemptions.

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to require annual cost of living adjustments, based on the Consumer Price Index, to the income tax rates of individuals, the personal tax exemption, withholding requirements, and minimum income tax return amounts.…