Tax Legislation
Pease was responsible for creating legislation within the United States Internal Revenue Code (tax code) whereby taxpayers who made excess amounts of adjusted gross income would lose(proportionally) their itemized deductions. Known as the "Pease Limitations", this legislation was controversial.
Read more about this topic: Don Pease
Famous quotes containing the words tax and/or legislation:
“Parents are used to being made to feel guilty about...their contribution to the population problem, the school tax burden, and declining test scores. They expect to be blamed by teachers and psychologists, if not by police. And they will be blamed by the children themselves. It is hardy a wonder, then, that they withdraw into what used to be called “permissiveness” but is really neglect.”
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