To provide an inflation adjustment for the additional hospital insurance tax on high-income taxpayers.

SA 3711. Ms. MURKOWSKI proposed an amendment 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); as
follows:

On page 94, between lines 20 and 21, insert the following:
(2) Inflation adjustment.--
(A) FICA.--Paragraph (2) of section 3101(b) of the Internal
Revenue Code of 1986, as added by section 9015 of the Patient
Protection and Affordable Care Act and amended by section
10906 of such Act and paragraph (1), is amended--
(i) by striking ``In addition'' and inserting the
following:
``(A) In general.--In addition'', and
(ii) by striking ``and which are in excess of'' and all
that follows and inserting ``and which are in excess of--
``(i) in the case of a joint return, $250,000,
``(ii) in the case of a married taxpayer (as defined in
section 7703) filing a separate return, one-half the dollar
amount determined under clause (i), and
``(iii) in any other case, $200,000.
``(B) Inflation adjustment.--In the case of any taxable
year beginning after 2013, the $250,000 and $200,000 amounts
under subparagraph (A) shall each be increased by an amount
equal to--
``(i) such dollar amount, multiplied by
``(ii) the cost-of-living adjustment determined under
section 1(f)(3) for the calendar year in which the taxable
year begins, determined by substituting `calendar year 2012'
for `calendar year 1992' in subparagraph (B) thereof.

Any increase determined under the preceding sentence shall be
rounded to the nearest multiple of $1,000.''.
(B) SECA.--
(i) In general.--Paragraph (2) of section 1401(b) of the
Internal Revenue Code of 1986, as added by section 9015 of
the Patient Protection and Affordable Care Act and amended by
section 10906 of such Act, is amended by redesignating
subparagraph (B) as subparagraph (C) and by inserting after
subparagraph (A) the following new subparagraph:
``(B) Inflation adjustment.--In the case of any taxable
year beginning after 2013, the $250,000 and $200,000 amounts
under subparagraph (A) shall each be increased by an amount
equal to--
``(i) such dollar amount, multiplied by
``(ii) the cost-of-living adjustment determined under
section 1(f)(3) for the calendar year in which the taxable
year begins, determined by substituting `calendar year 2012'
for `calendar year 1992' in subparagraph (B) thereof.

Any increase determined under the preceding sentence shall be
rounded to the nearest multiple of $1,000.''.
(ii) Conforming amendment.--Subparagraph (C) of section
1401(b)(2) of such Code, as added by section 9015 of the
Patient Protection and Affordable Care Act and redesignated
by subparagraph (A), is amended by inserting ``(after the
application of subparagraph (B))'' after ``subparagraph
(A)''.
(C) Replenishment of general fund through rescission of
certain stimulus funds.--Notwithstanding section 5 of the
American Recovery and Reinvestment Act of 2009 (Public Law
111-5; 123 Stat. 116), from the amounts appropriated or made
available under division A such Act (other than under title X
of such division A), there is rescinded $1,600,000,000 of any
remaining unobligated amounts. The Director of the Office of
Management and Budget shall apply the rescission in a pro
rata manner with respect to such amounts. The Director of the
Office of Management and Budget shall report to each
congressional committee the amounts so rescinded within the
jurisdiction of such committee.
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