Date: April 11, 1984
Subject: Tax Reform
Description: Passage of the bill to raise $49.2 billion in new taxes through fiscal 1987 by closing a wide range of tax loopholes; increasing taxes on distilled liquor, cigarettes and telephones; revamping taxation of the life insurance industry; and making other changes. This bill actually included $250 billion in tax increases over three years.
Result: Bill Passed, 318-97
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