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17 December 1919 – The Assembly passed a law that called for a one-off wealth tax to pay for the national debt. 18 January 1920 – The Assembly passed the law on workers' councils. 13 March 1920 – The Assembly left Berlin as a result of the Kapp Putsch. It returned from Stuttgart seven days later.
In 2011, the Spanish Parliament proposed a law amending the Spanish Constitution to require a balanced budget at both the national and regional level by 2020. The law states that public debt cannot exceed 60% of GDP, though exceptions would be made in case of a natural catastrophe, economic recession, or other emergencies.
The National Debt Commissioners Act 1818 (58 Geo. 3. c. 66) The National Debt Reduction Act 1823 (4 Geo. 4. c 19) The National Debt Reduction Act 1866 (29 & 30 Vict. c. 11) The National Debt Act 1958 (7 & 8 Eliz. 2. c. 6) The National Debt Act 1972 (c. 65) The National Debt Acts 1870 to 1893 is the collective title of the following acts: [1]
An Act for granting to his Majesty the Sum of two hundred thousand Pounds, to be issued and paid to the Governor and Company of the Bank of England, to be by them placed to the Account of the Commissioners for the Reduction of the National Debt. (Repealed by Statute Law Revision Act 1861 (24 & 25 Vict. c. 101))
The Funding Act of 1790, the full title of which is An Act making provision for the [payment of the] Debt of the United States, was passed on August 4, 1790, by the United States Congress as part of the Compromise of 1790, to address the issue of funding (debt service, repayment, and retirement) of the domestic debt incurred by the state governments, first as Thirteen Colonies, then as states ...
Between 1989-2020, the national debt soared by more than 800% as Congresses and presidents from both parties approved massive spending increases and massive tax cuts at the same time.
House Republicans passed sweeping legislation Wednesday that would raise the government's legal debt ceiling by $1.5 trillion in exchange for steep spending restrictions, a tactical victory for ...
Parliament repealed the Stamp Act because boycotts were hurting British trade and used the declaration to justify the repeal and avoid humiliation. The declaration stated that the Parliament's authority was the same in America as in Britain and asserted Parliament's authority to pass laws that were binding on the American colonies.