Date: August 19, 1982
Subject: Tax Increases
Description: Adoption of the conference report on the bill to raise revenues by $98.3 billion in fiscal 1983-85 and reduce projected spending by $17.5 billion in fiscal 1983-85 in compliance with the fiscal 1983 budget resolution. This was, at the time, the largest tax increase in U.S. history. ACU opposed this legislation, especially during a recession.
Result: Agreed to, 226-207
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