S. 1917 (112th)

Middle Class Tax Cut Act of 2011

failedUnited States· United States Congress· EN

Introduced

28 November 2011

Last action

1 December 2011 · Floor

Status

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.

Summary

Middle Class Tax Cut Act of 2011 - Reduces employment tax rates in calendar year 2012 (payroll tax holiday period) for both employers and employees to 3.1%.  Limits the reduction for employers to the first $5 million of wages paid by the employer in 2012. Reduces the tax rate on the first $5 million of net earning of a self-employed taxpayer. Allows nongovernmental employers a tax credit for payroll increases in the last quarter of 2011 and in 2012. Appropriates funds to the social security trust funds to compensate for any revenue loss to such funds from the reduction in rates and the tax credit allowed by this Act. Amends the Internal Revenue Code to impose on individual taxpayers in taxable years beginning after 2012 an additional tax equal to 3.25% of so much of their modified adjusted gross income as exceeds $1 million.  Defines "modified adjusted gross income" as adjusted gross income reduced by any deduction allowed for investment interest.  Provides for an inflation adjustment to the $1 million threshold amount for taxable years beginning after 2013.

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

Timeline

28 November 2011
Introduced
Introduced in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time.
Source: Calendars
28 November 2011
Introduced
Introduced in Senate
Source: IntroReferral
29 November 2011
Calendars
Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 238.
Source: Calendars
30 November 2011
Floor
Motion to proceed to consideration of measure made in Senate. (consideration: CR S8011-8012)
Source: Floor
1 December 2011
Floor
Cloture motion on the motion to proceed to the measure withdrawn by unanimous consent in Senate.
Source: Floor

Votes

No vote records are attached yet.

Versions

Placed on Calendar Senate · 29 November 2011 · Download file

Documents

3 official files

Placed on Calendar Senate (text)

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Placed on Calendar Senate (text)
Placed on Calendar Senate · EN · 29 November 2011
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Placed on Calendar Senate (PDF)
Placed on Calendar Senate · EN · 29 November 2011
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Introduced in Senate
summary · EN · 28 November 2011
Open at official source
Leesvertaling
Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.
Vertaal naar
Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Related records

related to → American Jobs Act of 2011
related to → Tax Cuts for the Middle Class Act
related to → American Jobs Act of 2011
related to → American Jobs Act of 2011
related to ← Middle Class Tax Cut Act of 2011

Sources

PoliticalRepo is an index and interpretation layer, not the authoritative legal source.

Official source: https://www.congress.gov/bill/112th-congress/senate-bill/1917
Open data entity: https://api.congress.gov/v3/bill/112/s/1917
us · 112-s-1917 · source updated 14 August 2025