National Priorities Act of 2007
Official title: A bill to expand the middle class, reduce the gap between the rich and the poor, keep our promises to veterans, lower the poverty rate, and reduce the Federal … Show full official titleShow less
Official title: A bill to expand the middle class, reduce the gap between the rich and the poor, keep our promises to veterans, lower the poverty rate, and reduce the Federal deficit by repealing tax breaks for the wealthiest one percent and eliminating unnecessary Cold War era defense spending, and for other purposes.
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Read twice and referred to the Committee on Finance.
National Priorities Act of 2007 - Rescinds after 2008 income tax reductions enacted under the Economic Growth and Tax Relief Reconciliation Act of 2001 and the Jobs and Growth Tax Relief Reconciliation Act of 2003 for taxpayers with gross incomes in 2008 of over $400,000.
Reduces funding for the Department of Defense by $60 billion in FY2008. Authorizes the Secretary of Defense to make reductions by eliminating waste, fraud, and abuse, and weapon systems and other programs determined to be no longer a national security priority. Exempts from such reductions the needs of military personnel, including pay increases and health care.
Dedicates increases in revenues resulting from this Act to: (1) various programs for health care, education, energy conservation, and affordable housing; (2) increasing the earned income credit; and (3) reducing the federal deficit.
- Introduced in Senate Formatted Text PDF Formatted XML
Cite this page
U.S. Congress. (2026). S. 818: National Priorities Act of 2007. 110th Congress. Open America. https://openamerica.io/bill/110-S-818/
"S. 818: National Priorities Act of 2007." 110th Congress, 2026, Open America, https://openamerica.io/bill/110-S-818/.
S. 818, 110th Cong. (2026), https://openamerica.io/bill/110-S-818/.
[S. 818: National Priorities Act of 2007](https://openamerica.io/bill/110-S-818/)