To amend the Internal Revenue Code of 1986 to eliminate the marriage penalty by providing that the income tax rate bracket amounts, and the amount of the standard deduction, for joint returns shall be twice the amounts applicable to unmarried individuals.
(Sec. 2) Amends the Internal Revenue Code to provide that the basic standard deduction for a married couple filing jointly shall be twice the basic standard deduction for an unmarried individual, beginning in 2001.
(Sec. 3) Provides that the 15 percent regular income tax bracket for a married couple filing jointly shall be twice the size of the corresponding bracket for an unmarried individual. Sets forth a graduated phase-in beginning in 2003 and fully effective in 2008.
Repeals provisions that reduce the refundable child credit and earned income credit by the amount of the taxpayer's alternative minimum tax, beginning in 2002.
(Sec. 4) Increases the beginning point of the phase-out range of the earned income credit for married couples filing jointly by $2,000, beginning in 2001.
Placed on Senate Legislative Calendar under General Orders. Calendar No. 484.
Motion to reconsider laid on the table Agreed to without objection.
DEBATE - The House resumed debate on H.R. 6.
DEBATE - Pursuant to the provisions of H. Res. 419, the House proceeded with one hour of debate on the Rangel amendment in the nature of a substitute.
Pursuant to H. Res. 419, the previous question was ordered on the Rangel amendment and on the bill.
Mr. Hill (IN) moved to recommit with instructions to Ways and Means.
DEBATE - The House proceeded with 10 minutes of debate on the motion to recommit with instructions. The instructions contained in the motion require the Committee on Ways and Means to report the bill back to the house with an amendment that 1) corrects the disparity in the Tax Code affecting married couples, including those married couples receiving the EIC (marriage penalty) and insures this correction is fully available to middle income married couples with children; and 2) which provides that the effectiveness of the tax reduction contained therein is contingent on a certification by the Director of OMB, based on the most recently adopted concurrent resolution on the budget and any other relevant legislation which has been enacted.
The previous question on the motion to recommit with instructions was ordered without objection.
On motion to recommit with instructions Failed by recorded vote: 196 - 230 (Roll no. 14).
Roll Call #14 (House)Passed/agreed to in House: On passage Passed by the Yeas and Nays: 268 - 158 (Roll no. 15).(text: CR H292-293)
Roll Call #15 (House)checking server…
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On passage Passed by the Yeas and Nays: 268 - 158 (Roll no. 15). (text: CR H292-293)
Roll Call #15 (House)Motion to reconsider laid on the table Agreed to without objection.
The title of the measure was amended. Agreed to without objection.
Received in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time.
Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 437.
Motion to proceed to consideration of measure agreed to in Senate by Unanimous Consent. (consideration: CR S2506-2520)
Measure laid before Senate by motion.
Cloture motion on the underlying legislation presented in Senate.
Considered by Senate. By Unanimous Consent. (consideration: CR S2587-2588, S2590-2600)
Considered by Senate. (consideration: CR S2673-2674; S2699)
Cloture on the underlying legislation not invoked in Senate by Yea-Nay Vote. 53 - 45. Record Vote Number: 83.
Roll Call #83 (Senate)Considered by Senate. (consideration: CR S2965-2966)