Summary: H.R.4379 — 105th Congress (1997-1998)All Information (Except Text)

There is one summary for H.R.4379. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (07/31/1998)

Budget Surplus Dividend Act of 1998 - Amends the Internal Revenue Code to allow, upon a specified determination of budgetary surplus, a credit equal to a certain percentage of a taxpayer's annual social security taxes. Provides for the use of budgetary surplus to reduce public debt and increase nondefense discretionary spending.