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Code · BILL · 113th Congress · S. 307 (Introduced in Senate) — To reduce the Federal budget deficit by closing big oil tax loopholes, and for other purposes. · Sec. 301

Sec. 301. Deficit reduction

74 words·~1 min read·/bill/113/s/307/is/section-301

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The net amount of any savings realized as a result of the enactment of this Act and the amendments made by this Act (after any expenditures authorized by this Act and the amendments made by this Act) shall be deposited in the Treasury and used for Federal budget deficit reduction or, if there is no Federal budget deficit, for reducing the Federal debt in such manner as the Secretary of the Treasury considers appropriate.
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