Temporary Tax Holiday and Government Reduction Act

Summary

Temporary Tax Holiday and Government Reduction Act - Amends the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 to extend through 2012 the 2% reduction in employment and self-employment tax rates. Amends the Internal Revenue Code to impose a 100% tax on excess unemployment compensation, as defined by this Act, received by certain high-income taxpayers. Amends the Food and Nutrition Act of 2008 to render ineligible for the supplemental nutrition assistance program (SNAP), formerly food stamps, any household in which a member receives income or assets with a fair market value of at least $1 million. Amends title XVIII (Medicare) of the Social Security Act to: (1) increase Medicare Part B and D premiums for Medicare beneficiaries with adjusted gross incomes over $750,000, and (2) extend through 2022 the freeze on the inflation adjustment to the income threshold for the Medicare premium subsidy eligibility. Requires the Director of the Office of Management and Budget (OMB) and the Director of the Office of Personnel Management (OPM) to determine the number of full-time employees employed in each federal agency. Prohibits a head of a federal agency from hiring more than 1 employee for every 3 full-time employees who leave employment in such agency until OMB and OPM make a determination that the number of full-time federal employees is 10% less than the initial level determined by OMB and OPM. Extends the freeze on the pay of federal employees through 2015. Provides that such extended pay freeze applies to legislative branch employees, including Members of Congress. Amends the Balanced Budget and Emergency Deficit Control Act of 1985 to reduce levels of discretionary spending for FY2013-FY2021. Buffett Rule Act of 2011 - Amends the Internal Revenue Code to allow taxpayers to donate an amount (not less than $1), in addition to any tax owed, which shall be deposited in the general fund of the Treasury and transferred to an account used to reduce the public debt.

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Timeline

1. 30 November 2011

   Introduced

   Introduced in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time.

   Source: Calendars

2. 30 November 2011

   Introduced

   Introduced in Senate

   Source: IntroReferral

3. 1 December 2011

   Calendars

   Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 244.

   Source: Calendars

4. 1 December 2011

   Floor

   Motion to proceed to consideration of measure was deemed to have been made in Senate. (consideration: CR S8139)

   Source: Floor

5. 8 December 2011

   Floor

   Motion to proceed to consideration of measure made in Senate. (consideration: CR S8445)

   Source: Floor

Votes

No vote records are attached yet.

Versions

• Placed on Calendar Senate · 1 December 2011 · Official file

Documents

3 official files

• Placed on Calendar Senate (text)

  Placed on Calendar Senate · EN · 1 December 2011

  ViewDownloadOpen at official source

• Placed on Calendar Senate (PDF)

  Placed on Calendar Senate · EN · 1 December 2011

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 30 November 2011

  Open at official source

Sponsors

• Sen. Heller, Dean [R-NV] · R · Sponsor

Related records

• related to → Debt Elimination By Tax-Deductible Contribution Act of 2011
• related to → Buffett Rule Act of 2011
• related to → Down Payment to Protect National Security Act of 2011
• related to → Tax Cuts for the Middle Class Act
• related to → To provide that Members of Congress shall not receive a cost of living adjustment in pay during 2013.
• related to → Buffett Rule Act of 2012
• related to → Buffett Rule Act of 2011
• related to ← Middle Class Tax Cut Act of 2011
• related to ← Down Payment to Protect National Security Act of 2012
• related to ← No Pay Raise for Congress Act of 2012