Economic Growth and Tax Relief Act of 2001

Summary

Economic Growth and Tax Relief Act of 2001 - Amends the Internal Revenue Code, as of tax year 2001, to establish (in addition to existing brackets) a 12 percent individual tax bracket for each filing status. Caps taxable income levels for the 12 percent bracket at: (1) $12,000 for married individuals filing jointly; (2) $10,000 for heads of households; and (3) $6,000 for unmarried individuals or married individuals filing separately. Applies the current 15 percent bracket to income levels above the 12 percent caps but below current 15 percent caps. Prohibits minimum bracket amount inflation adjustments through tax year 2006. Revises the cost-of-living adjustment formula, as of tax year 2007. Provides, beginning in tax year 2002, for specified reductions in the 12, 28, 31, 36, and 39.6 percent individual (and estate) brackets. (Maintains the revised 15 percent bracket without further change.) Repeals mandatory reductions in the additional (three or more children) child tax credit and the earned income credit for taxpayers subject to the alternative minimum tax.

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Timeline

1. 28 February 2001

   Introduced

   Introduced in House

   Source: IntroReferral

2. 28 February 2001

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

3. 28 February 2001

   Committee

   Committee Hearings Held Prior to Introduction (Feb 13, 2001).

   Source: Committee

4. 28 February 2001

   Introduced

   Introduced in House

   Source: IntroReferral

5. 1 March 2001

   Vote

   Ordered to be Reported (Amended) by the Yeas and Nays: 23 - 15.

   Source: Committee

6. 1 March 2001

   Committee

   Committee Consideration and Mark-up Session Held.

   Source: Committee

7. 6 March 2001

   Reported

   Reported (Amended) by the Committee on Ways and Means. H. Rept. 107-7.

   Source: Committee

8. 6 March 2001

   Reported

   Reported (Amended) by the Committee on Ways and Means. H. Rept. 107-7.

   Source: Committee

9. 6 March 2001

   Calendars

   Placed on the Union Calendar, Calendar No. 6.

   Source: Calendars

10. 7 March 2001

    Reported

    Rules Committee Resolution H. Res. 83 Reported to House. Rule provides for consideration of H.R. 3 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. All points of order against consideration of the bill are waived. The amendment recommended by the Committee on Ways and Means now printed in the bill shall be considered as adopted. Measure will be considered read. A specified amendment is in order.

    Source: Floor

11. 8 March 2001

    Floor

    Rule provides for consideration of H.R. 3 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. All points of order against consideration of the bill are waived. The amendment recommended by the Committee on Ways and Means now printed in the bill shall be considered as adopted. Measure will be considered read. A specified amendment is in order.

    Source: Floor

12. 8 March 2001

    Reported

    Considered under the provisions of rule H. Res. 83. (consideration: CR H761-809; text of measure as reported in House: CR H761-762)

    Source: Floor

13. 8 March 2001

    Passed

    Motion to reconsider laid on the table Agreed to without objection.

    Source: Floor

14. 8 March 2001

    Vote

    On passage Passed by the Yeas and Nays: 230 - 198 (Roll No. 45).

    Source: Floor

15. 8 March 2001

    Vote

    Passed/agreed to in House: On passage Passed by the Yeas and Nays: 230 - 198 (Roll No. 45).

    Source: Floor

16. 8 March 2001

    Vote

    On motion to recommit with instructions Failed by recorded vote: 204 - 221 (Roll no. 44). (text: CR H807)

    Source: Floor

17. 8 March 2001

    Floor

    Mr. Stenholm moved to recommit with instructions to Ways and Means.

    Source: Floor

18. 8 March 2001

    Vote

    On motion to table the motion to reconsider the vote Agreed to by the Yeas and Nays: 228 - 197 (Roll no. 43).

    Source: Floor

19. 8 March 2001

    ResolvingDifferences

    Mr. Thomas moved to table the motion to reconsider the vote.

    Source: ResolvingDifferences

20. 8 March 2001

    Floor

    Mr. Berry moved to reconsider the vote.

    Source: Floor

21. 8 March 2001

    Passed

    Rule H. Res. 83 passed House.

    Source: Floor

22. 9 March 2001

    Introduced

    Received in the Senate and Read twice and referred to the Committee on Finance.

    Source: IntroReferral

23. 13 August 2001

    Committee

    See H.R.1836.

    Source: Committee

Votes

No vote records are attached yet.

Versions

• Referred in Senate · 9 March 2001 · Official file
• Engrossed in House · 8 March 2001 · Official file
• Reported in House · 6 March 2001 · Official file
• Introduced in House · 28 February 2001 · Official file

Documents

11 official files

• Referred in Senate (text)

  Referred in Senate · EN · 9 March 2001

  ViewDownloadOpen at official source

• Referred in Senate (PDF)

  Referred in Senate · EN · 9 March 2001

  ViewDownloadOpen at official source

• Engrossed in House (text)

  Engrossed in House · EN · 8 March 2001

  ViewDownloadOpen at official source

• Engrossed in House (PDF)

  Engrossed in House · EN · 8 March 2001

  ViewDownloadOpen at official source

• Passed House amended

  summary · EN · 8 March 2001

  Open at official source

• Reported in House (text)

  Reported in House · EN · 6 March 2001

  ViewDownloadOpen at official source

• Reported in House (PDF)

  Reported in House · EN · 6 March 2001

  ViewDownloadOpen at official source

• Reported to House with amendment(s)

  summary · EN · 6 March 2001

  Open at official source

• Introduced in House (text)

  Introduced in House · EN · 28 February 2001

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 28 February 2001

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 28 February 2001

  Open at official source

Sponsors

• Rep. Thomas, William M. [R-CA-20] · R · Sponsor
• Rep. Hastert, J. Dennis [R-IL-14] · R · Cosponsor
• Rep. Armey, Richard K. [R-TX-26] · R · Cosponsor
• Rep. DeLay, Tom [R-TX-22] · R · Cosponsor
• Rep. Dreier, David [R-CA-33] · R · Cosponsor
• Rep. Watts, J. C., Jr. [R-OK-4] · R · Cosponsor
• Rep. Cox, Christopher [R-CA-40] · R · Cosponsor
• Rep. Crane, Philip M. [R-IL-12] · R · Cosponsor
• Rep. Shaw, E. Clay, Jr. [R-FL-15] · R · Cosponsor
• Rep. Johnson, Nancy L. [R-CT-6] · R · Cosponsor
• Rep. Houghton, Amo [R-NY-34] · R · Cosponsor
• Rep. Herger, Wally [R-CA-2] · R · Cosponsor
• Rep. McCrery, Jim [R-LA-4] · R · Cosponsor
• Rep. Camp, Dave [R-MI-4] · R · Cosponsor
• Rep. Ramstad, Jim [R-MN-3] · R · Cosponsor
• Rep. Nussle, Jim [R-IA-1] · R · Cosponsor
• SAM JOHNSON · R · Cosponsor
• Rep. Dunn, Jennifer [R-WA-8] · R · Cosponsor
• Rep. Collins, Mac [R-GA-8] · R · Cosponsor
• Sen. Portman, Rob [R-OH] · R · Cosponsor
• Rep. English, Phil [R-PA-3] · R · Cosponsor
• Rep. Watkins, Wes [D-OK-3] · R · Cosponsor
• Rep. Hayworth, J. D. [R-AZ-5] · R · Cosponsor
• Rep. Weller, Jerry [R-IL-11] · R · Cosponsor
• Rep. Hulshof, Kenny C. [R-MO-9] · R · Cosponsor
• Rep. McInnis, Scott [R-CO-3] · R · Cosponsor
• Rep. Lewis, Ron [R-KY-2] · R · Cosponsor
• Rep. Foley, Mark [R-FL-16] · R · Cosponsor
• KEVIN BRADY · R · Cosponsor
• PAUL RYAN · R · Cosponsor
• Rep. Davis, Tom [R-VA-11] · R · Cosponsor
• Rep. Pryce, Deborah [R-OH-15] · R · Cosponsor
• Rep. Cubin, Barbara [R-WY-At Large] · R · Cosponsor
• · ssfi00 · Standing
• · hswm00 · Standing

Related records

• related to → Providing for consideration of the bill (H.R. 3) to amend the Internal Revenue Code of 1986 to reduce individual income tax rates.
• related to ← Economic Growth and Tax Relief Reconciliation Act of 2001