To amend the Internal Revenue Code of 1986 to provide for a two-month suspension of employment and income taxes, and for other purposes.

Summary

Amends the Internal Revenue Code to: (1) reduce to 0% the employment tax on employers, employees, and self-employed individuals in the first full two-month period after the enactment of this Act; and (2) exclude from gross income any wage and self-employment income earned during the same period . Amends the Emergency Economic Stabilization Act of 2008 to repeal procedures for authorizing the Secretary of the Treasury to obligate additional amounts under the Troubled Asset Relief Program (TARP). Requires the Secretary to: (1) estimate the impact of this Act on the income and balances of the social security trust funds; and (2) transfer amounts from the Treasury to such trust funds if there is any reduction in the income and balances of such trust funds resulting from this Act. Terminates the authority of the Secretary under the Emergency Economic Stabilization Act of 2008 to purchase troubled assets or any preferred or other stock or equity in any financial institution.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 6 January 2009

   Introduced

   Referred to House Ways and Means

   Source: IntroReferral

2. 6 January 2009

   Introduced

   Referred to the Committee on Ways and Means, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

   Source: IntroReferral

3. 6 January 2009

   Introduced

   Introduced in House

   Source: IntroReferral

4. 6 January 2009

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 6 January 2009 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 6 January 2009

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 6 January 2009

  ViewDownloadOpen at official source

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• Introduced in House

  summary · EN · 6 January 2009

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Rep. Gohmert, Louie [R-TX-1] · R · Sponsor
• Rep. Shadegg, John B. [R-AZ-3] · R · Sponsor
• Sen. Blackburn, Marsha [R-TN] · R · Sponsor
• Rep. Carter, John R. [R-TX-31] · R · Sponsor
• Rep. Franks, Trent [R-AZ-8] · R · Sponsor
• Rep. Pence, Mike [R-IN-6] · R · Sponsor
• Rep. Westmoreland, Lynn A. [R-GA-3] · R · Sponsor
• Rep. Sessions, Pete [R-TX-17] · R · Sponsor
• Rep. McCotter, Thaddeus G. [R-MI-11] · R · Sponsor
• Rep. Myrick, Sue Wilkins [R-NC-9] · R · Sponsor
• Rep. Kline, John [R-MN-2] · R · Sponsor
• Rep. Akin, W. Todd [R-MO-2] · R · Sponsor
• Rep. McHenry, Patrick T. [R-NC-10] · R · Sponsor
• Rep. Neugebauer, Randy [R-TX-19] · R · Sponsor
• Rep. McMorris Rodgers, Cathy [R-WA-5] · R · Sponsor
• Rep. Bachmann, Michele [R-MN-6] · R · Sponsor
• Rep. Garrett, Scott [R-NJ-5] · R · Sponsor
• Rep. Price, Tom [R-GA-6] · R · Sponsor
• Rep. Culberson, John Abney [R-TX-7] · R · Sponsor
• Rep. Paul, Ron [R-TX-14] · R · Sponsor
• Rep. Burton, Dan [R-IN-5] · R · Sponsor
• Rep. Mack, Connie [R-FL-14] · R · Sponsor
• Rep. Broun, Paul C. [R-GA-10] · R · Sponsor
• Rep. Lamborn, Doug [R-CO-5] · R · Sponsor
• Rep. Pitts, Joseph R. [R-PA-16] · R · Sponsor
• Rep. Bartlett, Roscoe G. [R-MD-6] · R · Sponsor
• Rep. Poe, Ted [R-TX-2] · R · Sponsor
• Rep. Johnson, Sam [R-TX-3] · R · Sponsor
• Rep. Barrett, J. Gresham [R-SC-3] · R · Sponsor
• Rep. Gingrey, Phil [R-GA-11] · R · Sponsor
• Rep. Issa, Darrell [R-CA-48] · R · Sponsor
• Rep. Young, Don [R-AK-At Large] · R · Sponsor
• Rep. Linder, John [R-GA-7] · R · Sponsor
• Rep. Hall, Ralph M. [R-TX-4] · R · Sponsor
• Rep. Deal, Nathan [R-GA-9] · R · Sponsor
• Rep. Platts, Todd Russell [R-PA-19] · R · Sponsor
• Sen. Flake, Jeff [R-AZ] · R · Sponsor
• Rep. Nunes, Devin [R-CA-22] · R · Sponsor
• Rep. Sensenbrenner, F. James, Jr. [R-WI-5] · R · Sponsor
• Rep. Terry, Lee [R-NE-2] · R · Sponsor
• Rep. Fallin, Mary [R-OK-5] · R · Sponsor
• Rep. Hensarling, Jeb [R-TX-5] · R · Sponsor
• Rep. Scalise, Steve [R-LA-1] · R · Sponsor
• Rep. Latta, Robert E. [R-OH-5] · R · Sponsor
• Rep. Conaway, K. Michael [R-TX-11] · R · Sponsor
• Rep. Young, C. W. Bill [R-FL-13] · R · Sponsor
• Rep. Marchant, Kenny [R-TX-24] · R · Sponsor
• Rep. Davis, Geoff [R-KY-4] · R · Sponsor

Showing 48 of 59 sponsors and actors.

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