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H.R. 8853 — Protecting American Savers and Retirees Act | PoliFocus

H.R. 8853117th Congress

Protecting American Savers and Retirees Act

To amend the Inflation Reduction Act of 2022 to prevent the excise tax on repurchase of corporate stock from taking effect.

Sponsors

Rep. Kustoff, David [R-TN-8]

3 cosponsors

Subjects

Taxation

Summary

Protecting American Savers and Retirees Act

This bill repeals the 1% excise tax on the repurchase of corporate stock enacted by the Inflation Reduction Act of 2022.

Full Text

Legislative Actions

2022-09-15
Introduced in House
2022-09-15
Introduced in House
2022-09-15
Referred to the House Committee on Ways and Means.

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