United States · Bill · S
S. 2230 (112th)
Paying a Fair Share Act of 2012
Introduced
22 March 2012
Last action
16 April 2012 · Floor
Status
Cloture on the motion to proceed to the measure not invoked in Senate by Yea-Nay Vote. 51 - 45. Record Vote Number: 65. (consideration: CR S2313; text: CR S2313)
Sponsors
Sen. Whitehouse, Sheldon [D-RI], Sen. Akaka, Daniel K. [D-HI], Sen. Begich, Mark [D-AK], Sen. Leahy, Patrick J. [D-VT], Sen. Harkin, Tom [D-IA], Sen. Blumenthal, Richard [D-CT], Sen. Sanders, Bernard [I-VT], Sen. Schumer, Charles E. [D-NY], Sen. Reed, Jack [D-RI], Sen. Rockefeller, John D., IV [D-WV], Sen. Franken, Al [D-MN], Sen. Boxer, Barbara [D-CA], Sen. Durbin, Richard J. [D-IL], Sen. Levin, Carl [D-MI], Sen. Lautenberg, Frank R. [D-NJ], Sen. Merkley, Jeff [D-OR], Sen. McCaskill, Claire [D-MO]
Subjects
Taxation
Source updated
5 December 2025
Summary
Paying a Fair Share Act of 2012 - Amends the Internal Revenue Code to require an individual taxpayer whose adjusted gross income exceeds $1 million to pay a minimum tax rate of 30% of the excess of the taxpayer's adjusted gross income over the taxpayer's modified charitable contribution deduction for the taxable year (tentative fair share tax). Establishes the amount of such tax as the excess (if any) of the tentative fair share tax over the excess of: (1) the sum of the taxpayer's regular tax liability, the alternative minimum tax (AMT) amount, and the payroll tax for the taxable year; over (2) certain tax credits. Provides for a phase-in of such tax. Requires an inflation adjustment to the $1 million income threshold for taxable years beginning after 2013. Expresses the sense of the Senate that Congress should enact tax reform that repeals unfair and unnecessary tax loopholes and expenditures, simplifies the tax system, and makes sure that the wealthiest taxpayers pay a fair share of taxes.
This text is taken from the official record. PoliticalRepo does not editorialize.
Timeline
22 March 2012
Introduced
Introduced in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time.
Source: Calendars
22 March 2012
Introduced
Introduced in Senate
Source: IntroReferral
26 March 2012
Calendars
Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 339.
Source: Calendars
27 March 2012
Floor
Motion to proceed to consideration of measure made in Senate. (consideration: CR S2055-2056)
Source: Floor
28 March 2012
Floor
Motion to proceed to measure considered in Senate. (consideration: CR S2117)
Source: Floor
29 March 2012
Floor
Motion to proceed to measure considered in Senate. (consideration: CR S2188, S2223-2224)
Source: Floor
16 April 2012
Floor
Motion to proceed to measure considered in Senate. (consideration: CR S2289-2293, S2294-2305, S2313-2314)
Source: Floor
Votes
No vote records are attached yet.
Versions
- Placed on Calendar Senate · 26 March 2012 · 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 · 26 March 2012
Placed on Calendar Senate (PDF)
Placed on Calendar Senate · EN · 26 March 2012
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Introduced in Senate
summary · EN · 22 March 2012
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Sponsors
- Sen. Whitehouse, Sheldon [D-RI] · D · Sponsor
- Sen. Akaka, Daniel K. [D-HI] · D · Sponsor
- Sen. Begich, Mark [D-AK] · D · Sponsor
- Sen. Leahy, Patrick J. [D-VT] · D · Sponsor
- Sen. Harkin, Tom [D-IA] · D · Sponsor
- Sen. Blumenthal, Richard [D-CT] · D · Sponsor
- Sen. Sanders, Bernard [I-VT] · I · Sponsor
- Sen. Schumer, Charles E. [D-NY] · D · Sponsor
- Sen. Reed, Jack [D-RI] · D · Sponsor
- Sen. Rockefeller, John D., IV [D-WV] · D · Sponsor
- Sen. Franken, Al [D-MN] · D · Sponsor
- Sen. Boxer, Barbara [D-CA] · D · Sponsor
- Sen. Durbin, Richard J. [D-IL] · D · Sponsor
- Sen. Levin, Carl [D-MI] · D · Sponsor
- Sen. Lautenberg, Frank R. [D-NJ] · D · Cosponsor
- Sen. Merkley, Jeff [D-OR] · D · Cosponsor
- Sen. McCaskill, Claire [D-MO] · D · Cosponsor
Related records
- related to → Middle Class Tax Fairness Act of 2012
- related to → Rebuild America Act
- related to → Rebuild America Act
- related to → Paying a Fair Share Act of 2012
- related to → Paying a Fair Share Act of 2012
Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/112th-congress/senate-bill/2230
- Open data entity: https://api.congress.gov/v3/bill/112/s/2230
- us · 112-s-2230 · source updated 5 December 2025