US Congress House Bill 143 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 57-0)
Status: Introduced on January 6 2009 - 25% progression, died in committee
Action: 2009-01-06 - Referred to House Financial Services
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]

Amends the Internal Revenue Code to: (1) reduce to 0% the employment tax on employers, employees, and self-employed individuals in the first full two-month period after the enactment of this Act; and (2) exclude from gross income any wage and self-employment income earned during the same period .Amends the Emergency Economic Stabilization Act of 2008 to repeal procedures for authorizing the Secretary of the Treasury to obligate additional amounts under the Troubled Asset Relief Program (TARP).Requires the Secretary to: (1) estimate the impact of this Act on the income and balances of the social security trust funds; and (2) transfer amounts from the Treasury to such trust funds if there is any reduction in the income and balances of such trust funds resulting from this Act. Terminates the authority of the Secretary under the Emergency Economic Stabilization Act of 2008 to purchase troubled assets or any preferred or other stock or equity in any financial institution.

To amend the Internal Revenue Code of 1986 to provide for a two-month suspension of employment and income taxes, and for other purposes.

Rep. Todd Akin [R-MO]	Rep. Michele Bachmann [R-MN]	Rep. Gresham Barrett [R-SC]	Rep. Roscoe Bartlett [R-MD]
Sen. Marsha Blackburn [R-TN]	Rep. Paul Broun [R-GA]	Rep. Michael Burgess [R-TX]	Rep. Dan Burton [R-IN]
Rep. John Carter [R-TX]	Rep. Tom Cole [R-OK]	Rep. Michael Conaway [R-TX]	Rep. John Culberson [R-TX]
Rep. Geoff Davis [R-KY]	Rep. Nathan Deal [R-GA]	Rep. John Duncan [R-TN]	Rep. Mary Fallin [R-OK]
Sen. Jeff Flake [R-AZ]	Rep. Trent Franks [R-AZ]	Rep. Scott Garrett [R-NJ]	Rep. Jim Gerlach [R-PA]
Rep. Phil Gingrey [R-GA]	Rep. Louie Gohmert [R-TX]	Rep. Bob Goodlatte [R-VA]	Rep. Kay Granger [R-TX]
Rep. Ralph Hall [R-TX]	Rep. Jeb Hensarling [R-TX]	Rep. Peter Hoekstra [R-MI]	Rep. Darrell Issa [R-CA]
Rep. Sam Johnson [R-TX]	Rep. John Kline [R-MN]	Rep. Doug Lamborn [R-CO]	Rep. Robert Latta [R-OH]
Rep. John Linder [R-GA]	Rep. Connie Mack [R-FL]	Rep. Kenny Marchant [R-TX]	Rep. Thaddeus McCotter [R-MI]
Rep. Patrick McHenry [R-NC]	Rep. Cathy McMorris Rodgers [R-WA]	Rep. Sue Myrick [R-NC]	Rep. Randy Neugebauer [R-TX]
Rep. Devin Nunes [R-CA]	Rep. Pete Olson [R-TX]	Rep. Ron Paul [R-TX]	Rep. Mike Pence [R-IN]
Rep. Joseph Pitts [R-PA]	Rep. Todd Platts [R-PA]	Rep. Ted Poe [R-TX]	Rep. Tom Price [R-GA]
Rep. Steve Scalise [R-LA]	Rep. James Sensenbrenner [R-WI]	Rep. Pete Sessions [R-TX]	Rep. John Shadegg [R-AZ]
Rep. Lee Terry [R-NE]	Rep. Lynn Westmoreland [R-GA]	Rep. Frank Wolf [R-VA]	Rep. C.W. Young [R-FL]
Rep. Don Young [R-AK]

Date	Chamber	Action
2009-01-06		Referred to House Financial Services
2009-01-06		Referred to House Ways and Means
2009-01-06		Referred to the Committee on Ways and Means, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Type	Source
Summary	https://www.congress.gov/bill/111th-congress/house-bill/143/all-info
Text	https://www.congress.gov/111/bills/hr143/BILLS-111hr143ih.pdf