U.S. Congress - S.1917 Middle Class Tax Cut Act of 2011
S.1917 - Middle Class Tax Cut Act of 2011
A bill to create jobs by providing payroll tax relief for middle class families and businesses, and for other purposes. view all titles (2)
All Bill Titles
- Official: A bill to create jobs by providing payroll tax relief for middle class families and businesses, and for other purposes. as introduced.
- Short: Middle Class Tax Cut Act of 2011 as introduced.
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Committees
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Latest Vote
Roll call number 219 in the Senate
Question: On the Motion to Proceed S. 1917
Official Summary
11/28/2011--Introduced.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 theOfficial Summary
11/28/2011--Introduced.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....Read the Rest
Organizations Supporting S.1917
- National Air Traffic Controllers Association
- American Federation of State, County and Municipal Employees
- National Treasury Employees Union
- International Association of Fire Fighters
- National Active and Retired Federal Employees Association
- International Federation of Professional and Technical Engineers
- ...and 17 more. See all.
Organizations Opposing S.1917
- Americans for Tax Reform
Latest Letters to Congress
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S.1917 Middle Class Tax Cut Act of 2011
ckoper
December 07, 2011
I am writing as your constituent in the 28th Congressional district of Texas. I oppose S.1917 - Middle Class Tax Cut Act of 2011, and am tracking it using OpenCongress.org, the free public resource website for government transparency and accountability.
Sincerely,
Christopher Koper -
S.1917 Middle Class Tax Cut Act of 2011
ckoper
December 07, 2011
I am writing as your constituent in the 28th Congressional district of Texas. I oppose S.1917 - Middle Class Tax Cut Act of 2011, and am tracking it using OpenCongress.org, the free public resource website for government transparency and accountability.
Sincerely,
Christopher Koper -
S.1917 Middle Class Tax Cut Act of 2011
jhubbs
December 06, 2011
I am writing as your constituent in the 6th Congressional district of Tennessee. I support S.1917 - Middle Class Tax Cut Act of 2011, and am tracking it using OpenCongress.org, the free public resource website for government transparency and accountability.
Sincerely,
John Hubbs
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