Summary: H.R.3053 — 108th Congress (2003-2004)All Information (Except Text)

There is one summary for H.R.3053. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (09/09/2003)

Sacrifice and Responsibility Act - Amends the Internal Revenue Code to: (1) raise the top two individual income tax rates back to 36 percent and 39.6 percent; and (2) repeal the amendments made by section 302 (Dividends of Individuals Taxed at Capital Gain Rates) of the Jobs and Growth Tax Relief Reconciliation Act of 2003.

Appropriates, as emergency supplemental appropriations, for FY 2004 specified sums for: (1) military operations in Iraq and in support of the global war on terrorism; and (2) the relief and reconstruction of Iraq and Afghanistan.