US Congress House Bill 3903 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 73-0)
Status: Introduced on February 6 2012 - 25% progression, died in chamber
Action: 2012-02-07 - Sponsor introductory remarks on measure. (CR H522)
Text: Latest bill text (Introduced) [PDF]

Paying a Fair Share Act of 2012 - Amends the Internal Revenue Code to require an individual taxpayer whose adjusted gross income exceeds $1 million to pay a minimum tax rate of 30% of the excess of the taxpayer's adjusted gross income over the taxpayer's modified charitable contribution deduction for the taxable year (tentative fair share tax). Establishes the amount of such tax as the excess (if any) of the tentative fair share tax over the excess of: (1) the sum of the taxpayer's regular tax liability, the alternative minimum tax (AMT) amount, and the payroll tax for the taxable year; over (2) certain tax credits. Provides for a phase-in of such tax. Requires an inflation adjustment to the $1 million income threshold for taxable years beginning after 2013. Expresses the sense of the House of Representatives that Congress should enact tax reform that repeals unfair and unnecessary tax loopholes and expenditures, simplifies the tax system, and makes sure that the wealthiest taxpayers pay a fair share of taxes.

Paying a Fair Share Act of 2012

Sen. Tammy Baldwin [D-WI]	Rep. Shelley Berkley [D-NV]	Rep. Robert Brady [D-PA]	Rep. Bruce Braley [D-IA]
Rep. Russ Carnahan [D-MO]	Rep. Andre Carson [D-IN]	Rep. Kathy Castor [D-FL]	Rep. Judy Chu [D-CA]
Rep. David Cicilline [D-RI]	Rep. Yvette Clarke [D-NY]	Rep. Lacy Clay [D-MO]	Rep. John Conyers [D-MI]
Rep. Jerry Costello [D-IL]	Rep. Joe Courtney [D-CT]	Rep. Peter DeFazio [D-OR]	Rep. John Dingell [D-MI]
Rep. Lloyd Doggett [D-TX]	Rep. Donna Edwards [D-MD]	Rep. Keith Ellison [D-MN]	Rep. Sam Farr [D-CA]
Rep. Bob Filner [D-CA]	Rep. Marcia Fudge [D-OH]	Rep. Gene Green [D-TX]	Rep. Luis Gutierrez [D-IL]
Rep. Janice Hahn [D-CA]	Rep. Alcee Hastings [D-FL]	Sen. Mazie Hirono [D-HI]	Rep. Rush Holt [D-NJ]
Rep. Michael Honda [D-CA]	Rep. Sheila Jackson-Lee [D-TX]	Rep. Jesse Jackson [D-IL]	Rep. Eddie Johnson [D-TX]
Rep. Henry Johnson [D-GA]	Rep. Marcy Kaptur [D-OH]	Rep. Dale Kildee [D-MI]	Rep. James Langevin [D-RI]
Rep. Rick Larsen [D-WA]	Rep. Barbara Lee [D-CA]	Sen. Ben Lujan [D-NM]	Rep. Carolyn Maloney [D-NY]
Sen. Edward Markey [D-MA]	Rep. Betty McCollum [D-MN]	Rep. Jim McDermott [D-WA]	Rep. James McGovern [D-MA]
Rep. Brad Miller [D-NC]	Rep. George Miller [D-CA]	Rep. Gwen Moore [D-WI]	Rep. James Moran [D-VA]
Sen. Christopher Murphy [D-CT]	Rep. Grace Napolitano [D-CA]	Rep. Eleanor Norton [D-DC]	Rep. John Olver [D-MA]
Rep. William Owens [D-NY]	Rep. Bill Pascrell [D-NJ]	Sen. Gary Peters [D-MI]	Rep. Chellie Pingree [D-ME]
Rep. David Price [D-NC]	Rep. Charles Rangel [D-NY]	Rep. Silvestre Reyes [D-TX]	Rep. Laura Richardson [D-CA]
Rep. Steven Rothman [D-NJ]	Rep. Linda Sanchez [D-CA]	Rep. Janice Schakowsky [D-IL]	Rep. Robert Scott [D-VA]
Rep. Adam Smith [D-WA]	Rep. Jackie Speier [D-CA]	Rep. Fortney Stark [D-CA]	Rep. Betty Sutton [D-OH]
Rep. Edolphus Towns [D-NY]	Sen. Peter Welch [D-VT]	Rep. Frederica Wilson [D-FL]	Rep. Lynn Woolsey [D-CA]
Rep. John Yarmuth [D-KY]

Date	Chamber	Action
2012-02-07	House	Sponsor introductory remarks on measure. (CR H522)
2012-02-06	House	Referred to the House Committee on Ways and Means.

SB2059 (Same As) 2012-02-01 - Read twice and referred to the Committee on Finance.
SB2230 (Same As) 2012-04-16 - Cloture on the motion to proceed to the measure not invoked in Senate by Yea-Nay Vote. 51 - 45. Record Vote Number: 65. (consideration: CR S2313; text: CR S2313)
SB2252 (Related) 2012-03-29 - Read twice and referred to the Committee on Finance.
HB5333 (Related) 2012-05-07 - Referred to House Budget
HB5727 (Same As) 2012-06-04 - Referred to the Subcommittee on Crime, Terrorism, and Homeland Security.

Type	Source
Summary	https://www.congress.gov/bill/112th-congress/house-bill/3903/all-info
Text	https://www.congress.gov/112/bills/hr3903/BILLS-112hr3903ih.pdf