Amendment108th Congress
Amendment in the nature of a substitute sought to make marriage penalty relief permanent; adjust the alternative minimum tax; increase the value of the Earned Income Tax Credit; and offset the cost of the bill by adjusting the tax rate for married couples making over a million dollars a year.
- Amendment Number
- 521
- Description
- Amendment in the nature of a substitute sought to make marriage penalty relief permanent; adjust the alternative minimum tax; increase the value of the Earned Income Tax Credit; and offset the cost of the bill by adjusting the tax rate for married couples making over a million dollars a year.
- Purpose
- An amendment in the nature of a substitute printed in Part B of House Report 108-470 to make permanent the marriage penalty provisions related to the standard deduction and 15% bracket; to accelerate and make permanent marriage penalty relief for low-income working families receiving the benefits of the earned income tax credit; to ensure that the minimum tax will not deny any of the promised benefits; and to provide that the cost would be offset by eliminating some of the recent tax cuts enjoyed by families with incomes over $1 million.
- Congress
- 108
- Type
- HAMDT
- Latest Action Date
- Apr 28, 2004
- Latest Action Text
- On agreeing to the Rangel amendment (A002) Failed by the Yeas and Nays: 189 - 226 (Roll no. 136).
- Latest Action Time
- 16:26:24
- Submitted Date
- Apr 28, 2004
- Chamber
- House of Representatives
- Update Date
- Sep 29, 2021