H.R. 5874 (101st): To amend the Internal Revenue Code of 1986 to increase the marginal tax rate for high-income taxpayers.

Introduced:
Oct 19, 1990 (101st Congress, 1989–1990)
Sponsor:
Rep. William Coyne [D-PA14]
Status:
Died (Referred to Committee)

The bill’s title was written by the bill’s sponsor. H.R. stands for House of Representatives bill.

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Status

This bill was introduced on October 19, 1990, in a previous session of Congress, but was not enacted.

Progress
Introduced Oct 19, 1990
Cosponsors
none
Committees

House Ways and Means

The committee chair determines whether a bill will move past the committee stage.

Summary

No summaries available.

Text

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Primary Source

View on THOMAS (The Library of Congress)

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GovTrack’s Bill Summary

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Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.

10/19/1990--Introduced.
Amends the Internal Revenue Code to increase the marginal tax rate for higher-income taxpayers, including creation of a 35 percent bracket. Sets the maximum capital gains rate at 28 percent. Repeals the phase-out of the 15-percent rate and personal exemptions.

House Republican Conference Summary

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