Middle Class Tax Cut Act

Summary

Middle Class Tax Cut Act - Extends through 2013 for a taxpayer whose income is $200,000 or less ($250,000 for married couples filing a joint return): (1) the tax rate reductions and other tax benefits of the Economic Growth and Tax Relief Reconciliation Act of 2001, and (2) the reduction in the tax rate for dividend and capital gain income enacted by the Jobs and Growth Tax Relief Reconciliation Act of 2003. Increases income tax rates and phases-out personal exemptions and itemized deductions for certain high-income taxpayers. Amends the Internal Revenue Code to extend through 2013: (1) the increased American Opportunity tax credit, (2) the increase in the refundable portion of the child tax credit, (3) the increased earned income tax credit percentage for three or more qualifying children, (4) the disregard of tax refunds in determining eligibility for federal and federally-assisted programs, and (5) the election to expense depreciable business assets. Extends for one year: (1) the increased exemption amount for the alternative minimum tax (AMT), and (2) the offset against the AMT of certain nonrefundable personal tax credits. Provides that the budgetary effects of this Act shall not be taken into account under the Statutory Pay-As-You-Go Act of 2010.

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

Timeline

1. 30 July 2012

   Introduced

   Referred to the Committee on Ways and Means, and in addition to the Committee on the Budget, 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

2. 30 July 2012

   Introduced

   Introduced in House

   Source: IntroReferral

3. 30 July 2012

   Introduced

   Introduced in House

   Source: IntroReferral

4. 4 December 2012

   Discharge

   Motion to Discharge Committee filed by Mr. Walz (MN). Petition No: 112-6. (<a href="http://clerk.house.gov/112/lrc/pd/petitions/DisPet0006.xml ">Discharge petition</a> text with signatures.)

   Source: Discharge

Votes

No vote records are attached yet.

Versions

• Introduced in House · 30 July 2012 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 30 July 2012

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 30 July 2012

  ViewDownloadOpen at official source

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• Introduced in House

  summary · EN · 30 July 2012

  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. Levin, Sander M. [D-MI-12] · D · Sponsor
• Rep. Pelosi, Nancy [D-CA-11] · D · Sponsor
• Rep. Hoyer, Steny H. [D-MD-5] · D · Sponsor
• Rep. Clyburn, James E. [D-SC-6] · D · Sponsor
• Rep. Rangel, Charles B. [D-NY-15] · D · Sponsor
• Rep. McDermott, Jim [D-WA-7] · D · Sponsor
• Rep. Lewis, John [D-GA-5] · D · Sponsor
• Rep. Neal, Richard E. [D-MA-1] · D · Sponsor
• Rep. Larson, John B. [D-CT-1] · D · Sponsor
• Rep. Blumenauer, Earl [D-OR-3] · D · Sponsor
• Rep. Pascrell, Bill, Jr. [D-NJ-9] · D · Sponsor
• Rep. Crowley, Joseph [D-NY-14] · D · Sponsor
• Sen. Van Hollen, Chris [D-MD] · D · Sponsor
• Rep. Dicks, Norman D. [D-WA-6] · D · Sponsor
• Rep. Chu, Judy [D-CA-28] · D · Sponsor
• Rep. Honda, Michael M. [D-CA-15] · D · Sponsor
• Rep. Tonko, Paul [D-NY-20] · D · Sponsor
• Rep. Hahn, Janice [D-CA-44] · D · Sponsor
• Rep. Miller, George [D-CA-11] · D · Sponsor
• Sen. Welch, Peter [D-VT] · D · Sponsor
• Rep. Richmond, Cedric L. [D-LA-2] · D · Sponsor
• Rep. Cicilline, David N. [D-RI-1] · D · Sponsor
• Rep. Schakowsky, Janice D. [D-IL-9] · D · Sponsor
• Rep. Johnson, Eddie Bernice [D-TX-30] · D · Sponsor
• Rep. Serrano, Jose E. [D-NY-15] · D · Sponsor
• Rep. Capps, Lois [D-CA-24] · D · Sponsor
• Rep. Pingree, Chellie [D-ME-1] · D · Sponsor
• Rep. Dingell, John D. [D-MI-12] · D · Cosponsor
• Rep. McGovern, James P. [D-MA-2] · D · Cosponsor
• Sen. Markey, Edward J. [D-MA] · D · Cosponsor
• Rep. Waxman, Henry A. [D-CA-33] · D · Cosponsor
• Rep. Roybal-Allard, Lucille [D-CA-40] · D · Cosponsor
• Rep. Holt, Rush [D-NJ-12] · D · Cosponsor
• Rep. Larsen, Rick [D-WA-2] · D · Cosponsor
• Rep. Castor, Kathy [D-FL-14] · D · Cosponsor
• Rep. Grijalva, Raúl M. [D-AZ-7] · D · Cosponsor
• Rep. McCollum, Betty [D-MN-4] · D · Cosponsor
• Rep. DeLauro, Rosa L. [D-CT-3] · D · Cosponsor
• Rep. Green, Al [D-TX-9] · D · Cosponsor
• · hsbu00 · Standing
• · hswm00 · Standing

Related records

• related to ← Middle Class and Small Business Tax Relief Act of 2012
• related to ← Middle Class Tax Cut Act
• related to ← Middle Class Tax Cut Act