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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. Part XIII, which dealt with taxes and is also called the Revenue Reconciliation Act of 1993. ==Specifics== * Previously the top individual tax rate of 31% applied to all income over $51,900. The Act created a new bracket of 36% for income above $115,000, and 39.6% for income above $250,000. * Previously, corporate income above $335,000 was taxed at 34%. The Act created new brackets of 35% for income from $10 million to $15 million, 38% for income from $15 million to $18.33 million, and 35% for income above $18.33 million. * The 2.9% Medicare tax previously was capped to only apply to the first $135,000 of income. This cap was removed. * Transportation fuels taxes were raised by 4.3 cents per gallon. * The portion of Social Security benefits subject to income taxes was raised from 50% to 85%. * The phase-out of the personal exemption and limit on itemized deductions were permanently extended. * The AMT tax rate was increased from 24% to tiered rates of 26% and 28%. * Part IV Section 14131: Expansion of the Earned Income Tax Credit and added inflation adjustments. 抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』 ■ウィキペディアで「Omnibus Budget Reconciliation Act of 1993」の詳細全文を読む スポンサード リンク
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