S.Amdt. 3627
What it does: Adds SEC. 14__. NO FEDERAL TAX INCREASE IMPOSED ON MIDDLE INCOME INDIVIDUALS AND FAMILIES at the end of subtitle E of title I
Sen. Mike Crapo (R-ID)What it changes
1 change to H.R. 4872 · shown in the bill's text
Adds SEC. 14__. NO FEDERAL TAX INCREASE IMPOSED ON MIDDLE INCOME INDIVIDUALS AND FAMILIES at the end of subtitle E of title I
Adds a sectionIn H.R. 4872 · Placed on Calendar Senate
The percentage under paragraph (1) of section 202(b) of the Corporate Estimated Tax Shift Act of 2009 in effect on the date of the enactment of this Act is increased by 15.75 percentage points.
Inserted: SEC. 14__. NO FEDERAL TAX INCREASE IMPOSED ON MIDDLE INCOME INDIVIDUALS AND FAMILIES.
Inserted: (a) In General.--Notwithstanding any provision of, or amendment made by, this Act or the Patient Protection and Affordable Care Act, no such provision or amendment which, directly or indirectly, results in a Federal tax increase shall be administered in such manner as to impose such an increase on any middle income taxpayer.
Inserted: (b) Middle Income Taxpayer.--For purposes of this section, the term "middle income taxpayer" means, for any taxable year, any taxpayer with adjusted gross income (as defined in section 62 of the Internal Revenue Code of 1986) of less than $200,000 ($250,000 in the case of a joint return of tax).
Original wording
At the end of subtitle E of title I, add the following:
Read automatically from the Congressional Record. Check the original before relying on it.
As printed
SA 3627. Mr. CRAPO submitted an amendment intended to be proposed by him to the bill H.R. 4872, to provide for reconciliation pursuant to Title II of the concurrent resolution on the budget for fiscal year 2010 (S. Con. Res. 13); which was ordered to lie on the table; as follows:
At the end of subtitle E of title I, add the following:
SEC. 14__. NO FEDERAL TAX INCREASE IMPOSED ON MIDDLE INCOME INDIVIDUALS AND FAMILIES.
(a) In General.--Notwithstanding any provision of, or amendment made by, this Act or the Patient Protection and Affordable Care Act, no such provision or amendment which, directly or indirectly, results in a Federal tax increase shall be administered in such manner as to impose such an increase on any middle income taxpayer.
(b) Middle Income Taxpayer.--For purposes of this section, the term “middle income taxpayer” means, for any taxable year, any taxpayer with adjusted gross income (as defined in section 62 of the Internal Revenue Code of 1986) of less than $200,000 ($250,000 in the case of a joint return of tax).
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Senate amendment submitted
March 24, 2010