Amendment sought to create a new 12 percent tax rate (phased in through 2003, for the first $20,000 of taxable income); increase the earned income tax credit; create a standard deduction for married couples equal to twice the standard available to single individuals; and provide marriage penalty relief in the earned income credit and the rate reductions.

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Amendment Number
23
Description
Amendment sought to create a new 12 percent tax rate (phased in through 2003, for the first $20,000 of taxable income); increase the earned income tax credit; create a standard deduction for married couples equal to twice the standard available to single individuals; and provide marriage penalty relief in the earned income credit and the rate reductions.
Purpose
An amendment made in order pursuant to the provisions of H. Res. 104 to insert a complete new text.
Congress
107
Type
HAMDT
Latest Action Date
Mar 29, 2001
Latest Action Text
On agreeing to the Rangel amendment (A002) Failed by the Yeas and Nays: 196 - 231 (Roll no. 73).
Latest Action Time
13:49:06
Submitted Date
Mar 29, 2001
Chamber
House of Representatives
Update Date
Aug 15, 2021
Amendment 23 — Informed