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- OBRA 1993 increased the corporate income tax from 34% to 36% for corporations with incomes over $10 million. It also ended some corporate subsidies and taxed Social Security benefits for high-income earners and created the earned income tax credit for incomes under $30,000.
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What is part XIII of the Tax Reconciliation Act of 1993?
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Part XIII of the law is also called the Revenue Reconciliation Act of 1993. The bill stemmed from a budget proposal made by Clinton in February 1993; he sought a mix of tax increases and spending reductions that would cut the deficit in half by 1997.
Jan 29, 2024 · Michael Logan. What Is the Tax Reform Act of 1993? The Tax Reform Act of 1993 was a federal law passed by the 103rd Congress and signed into law by President Bill Clinton. The Act aimed to...
- Katelyn Peters
The Revenue Reconciliation Act of 1993: who wins and who loses? (Cover Story) by Johnson, Janice M. Abstract- Tax planning should include the evaluation of the recently passed Revenue Reconciliation Act of 1993. Signed into law on Aug 1993, the Act will undeniably affect corporations and individuals alike in varying ways.
May 25, 1993 · Omnibus Budget Reconciliation Act of 1993 - Title I: Agricultural Programs - Agricultural Reconciliation Act of 1993 - Subtitle A: Commodity Programs - Amends the Agricultural Act of 1949 to extend specified upland cotton loan, payment, acreage reduction, and marketing loan programs.
5 days ago · The Omnibus Budget Reconciliation Act of 1993 (or OBRA-93) was a federal law that was enacted by the 103rd United States Congress and signed into law by President Bill Clinton. It has also been referred to, unofficially, as the Deficit Reduction Act of 1993.
Mar 31, 2022 · Omnibus Budget Reconciliation Act of 1993. The Omnibus Budget Reconciliation Act of 1993 is also called the "Deficit Reduction Act." It was President Clinton's first budget. It raised the top income tax rate from 31% to 36% for those earning more than $115,000.
The Omnibus Budget Reconciliation Act of 1993 (or OBRA-93) was a federal law that was enacted by the 103rd United States Congress and signed into law by President Bill Clinton. It has also been referred to, unofficially, as the Deficit Reduction Act of 1993 .
