Bill Summary & Status for the 106th Congress

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H.R.2414
Sponsor: Rep Tancredo, Thomas G. (introduced 7/1/1999)
Latest Major Action: 7/30/1999 Referred to House subcommittee
Title: To amend the Internal Revenue Code of 1986 to eliminate certain particularly unfair tax provisions, and for other purposes.
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TITLE(S):  (italics indicate a title for a portion of a bill)
STATUS: (color indicates Senate actions) (Floor Actions/Congressional Record Page References)
7/1/1999:
Referred to the Committee on Ways and Means, and in addition to the Committee on Commerce, 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.
7/1/1999:
Referred to House Ways and Means
7/1/1999:
Referred to House Commerce
7/30/1999:
Referred to the Subcommittee on Telecommunications, Trade, and Consumer Protection.
COMMITTEE(S):
RELATED BILL DETAILS:

***NONE***

AMENDMENT(S):

***NONE***

COSPONSORS(5), ALPHABETICAL [followed by Cosponsors withdrawn]:     (Sort: by date)

Rep Barr, Bob - 7/1/1999 Rep Burton, Dan - 7/1/1999
Rep Calvert, Ken - 7/19/1999 Rep Miller, Gary - 7/12/1999
Rep Schaffer, Bob - 7/1/1999

SUMMARY AS OF:
7/1/1999--Introduced.

Top Ten Terrible Tax Act of 1999 - Amends the Internal Revenue Code to: (1) to provide for the phaseout and repeal of the estate and gift taxes over a ten year period; (2) repeal the communications services excise tax; (3) make the standard deduction for joint filers twice that of single filers and the tax rate on a single filer's return one-half the rate of a jointly filed return; (4) to provide for the phaseout and repeal of the capital gains taxes over a ten year period; (5) repeal the excise tax on vaccines; (6) repeal the excise tax on sport fishing equipment and revise the excise tax on bows and arrows; (7) repeal the 1993 income tax increase on social security benefits; (8) in general, exclude dividends and interest from gross income; and (9) repeal the 1993 increases in motor fuel taxes. Amends the Communications Act of 1934 to repeal the universal service charge.