Economic Recovery and Middle-Class Tax Relief Act of 2009

Summary

Economic Recovery and Middle-Class Tax Relief Act of 2009 - Makes permanent the reductions in the dividend and capital gain tax enacted by the Jobs and Growth Tax Relief Reconciliation Act of 2003. Amends the Internal Revenue Code to: (1) reduce individual and corporate income tax rates; (2) repeal the alternative minimum tax for individual taxpayers; (3) allow inflation adjustments to the basis of capital assets in determining gain or loss; (4) reduce the capital gains tax rate for corporations; (5) repeal limitations on the expensing allowance for depreciable business assets; (6) make permanent the tax credit for increasing research activities; (7) extend the carryback period for net operating losses to seven years; (8) increase the child tax credit; (9) exclude from gross income in 2009 distributions from an individual retirement plan (IRA) and exempt IRAs from mandatory distribution requirements after 2009; and (10) increase the tax deductions for tuition and related expenses and for the interest on qualified education loans. Makes 1% across-the-board rescissions in non-defense discretionary spending for FY2009.

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Timeline

1. 13 January 2009

   Introduced

   Introduced in House

   Source: IntroReferral

2. 13 January 2009

   Introduced

   Introduced in House

   Source: IntroReferral

3. 13 January 2009

   Introduced

   Referred to House Ways and Means

   Source: IntroReferral

4. 13 January 2009

   Introduced

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

Votes

No vote records are attached yet.

Versions

• Introduced in House · 13 January 2009 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 13 January 2009

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 13 January 2009

  ViewDownloadOpen at official source

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• Introduced in House

  summary · EN · 13 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. Garrett, Scott [R-NJ-5] · R · Sponsor
• Rep. Price, Tom [R-GA-6] · R · Sponsor
• Rep. Jordan, Jim [R-OH-4] · R · Sponsor
• Rep. Bachmann, Michele [R-MN-6] · R · Cosponsor
• Sen. Blackburn, Marsha [R-TN] · R · Cosponsor
• Rep. Lamborn, Doug [R-CO-5] · R · Cosponsor
• Rep. Marchant, Kenny [R-TX-24] · R · Cosponsor
• Rep. Myrick, Sue Wilkins [R-NC-9] · R · Cosponsor
• Rep. Mack, Connie [R-FL-14] · R · Cosponsor
• Rep. Akin, W. Todd [R-MO-2] · R · Cosponsor
• Sen. Lummis, Cynthia M. [R-WY] · R · Cosponsor
• Rep. Wilson, Joe [R-SC-2] · R · Cosponsor
• Rep. Gingrey, Phil [R-GA-11] · R · Cosponsor
• Sen. Flake, Jeff [R-AZ] · R · Cosponsor
• Rep. Chaffetz, Jason [R-UT-3] · R · Cosponsor
• Rep. Pence, Mike [R-IN-6] · R · Cosponsor
• Rep. Manzullo, Donald A. [R-IL-16] · R · Cosponsor
• Rep. McCaul, Michael T. [R-TX-10] · R · Cosponsor
• Rep. Foxx, Virginia [R-NC-5] · R · Cosponsor
• Rep. Kline, John [R-MN-2] · R · Cosponsor
• Rep. Scalise, Steve [R-LA-1] · R · Cosponsor
• Rep. Bartlett, Roscoe G. [R-MD-6] · R · Cosponsor
• Rep. Pitts, Joseph R. [R-PA-16] · R · Cosponsor
• Rep. Harper, Gregg [R-MS-3] · R · Cosponsor
• Rep. Fallin, Mary [R-OK-5] · R · Cosponsor
• Rep. Gohmert, Louie [R-TX-1] · R · Cosponsor
• Rep. Luetkemeyer, Blaine [R-MO-3] · R · Cosponsor
• Rep. Burton, Dan [R-IN-5] · R · Cosponsor
• Rep. Kingston, Jack [R-GA-1] · R · Cosponsor
• Rep. Broun, Paul C. [R-GA-10] · R · Cosponsor
• Rep. Coffman, Mike [R-CO-6] · R · Cosponsor
• Rep. Wittman, Robert J. [R-VA-1] · R · Cosponsor
• Rep. Forbes, J. Randy [R-VA-4] · R · Cosponsor
• Rep. Sessions, Pete [R-TX-17] · R · Cosponsor
• Rep. Poe, Ted [R-TX-2] · R · Cosponsor
• Rep. Radanovich, George [R-CA-19] · R · Cosponsor
• Rep. McClintock, Tom [R-CA-5] · R · Cosponsor
• Rep. Aderholt, Robert B. [R-AL-4] · R · Cosponsor
• Rep. Paul, Ron [R-TX-14] · R · Cosponsor
• Rep. Wamp, Zach [R-TN-3] · R · Cosponsor
• Rep. Hensarling, Jeb [R-TX-5] · R · Cosponsor
• Rep. Olson, Pete [R-TX-22] · R · Cosponsor
• Rep. Latta, Robert E. [R-OH-5] · R · Cosponsor
• Rep. Deal, Nathan [R-GA-9] · R · Cosponsor
• Rep. Brady, Kevin [R-TX-8] · R · Cosponsor
• Rep. Westmoreland, Lynn A. [R-GA-3] · R · Cosponsor
• Rep. Posey, Bill [R-FL-8] · R · Cosponsor
• Rep. Fleming, John [R-LA-4] · R · Cosponsor

Showing 48 of 90 sponsors and actors.

Related records

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