US HB3746 | 2011-2012 | 112th Congress

Status

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on December 20 2011 - 25% progression, died in committee
Action: 2011-12-20 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Tax Cuts for the Middle Class Act - Reduces by 2% employment tax rates for employees and self-employment tax rates in calendar year 2012 (payroll tax holiday period). Appropriates funds from the Treasury to the Federal Old-Age and Survivors Trust Fund and the Federal Disability Insurance Trust Fund established by title II (Old-Age, Survivors, and Disability Insurance) of the Social Security Act and the Social Security Equivalent Benefit Account established by the Railroad Retirement Act of 1974 to compensate for any revenue loss to such funds resulting from the tax rate reductions of this Act.

Tracking Information

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Title

Tax Cuts for the Middle Class Act

Sponsors


History

DateChamberAction
2011-12-20HouseReferred to the House Committee on Ways and Means.

Same As/Similar To

SB1917 (Related) 2011-12-01 - Motion to proceed to consideration of measure, under the order of 12/1/2011, not having achieved the required 60 votes in the affirmative, was rejected in Senate by Yea-Nay. 51 - 49. Record Vote Number: 219.
SB1931 (Related) 2011-12-08 - Motion to proceed to consideration of measure, under the order of 12/8/2011, not having achieved the required 60 votes in the affirmative, was rejected in Senate by Yea-Nay Vote. 22 - 76. Record Vote Number: 225. (consideration: CR S8445)
SB1944 (Related) 2011-12-08 - Motion to proceed to consideration of measure, under the order of 12/8/2011, not having achieved the required 60 votes in the affirmative, was rejected in Senate by Yea-Nay Vote. 50 - 48. Record Vote Number: 224. (consideration: CR S8445)

Subjects


US Congress State Sources


Bill Comments

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