US HB4308 | 2009-2010 | 111th Congress
Status
Spectrum: Partisan Bill (Republican 22-0)
Status: Introduced on December 15 2009 - 25% progression, died in committee
Action: 2009-12-15 - Referred to House Budget
Pending: House Budget Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on December 15 2009 - 25% progression, died in committee
Action: 2009-12-15 - Referred to House Budget
Pending: House Budget Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Deficit Reduction Check-Off Act - Amends the Internal Revenue Code to allow individual taxpayers to designate on their tax returns an amount (initially between $1 and $10, with annual increases of $1 for each taxable year after 2011) for reducing the federal deficit. Amends the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act) to require a sequestration to reduce the federal deficit within 15 days after Congress adjourns to end a session by directing the Office of Management and Budget (OMB) to apply an across-the-board reduction in federal spending equal to 10 times the amount raised by the voluntary tax checkoff under this Act. Exempts from such spending reduction social security and railroad retirement benefits, Medicare benefits, judicial salaries, and veterans benefits.
Title
Deficit Reduction Check-Off Act
Sponsors
Rep. Todd Akin [R-MO] | Rep. Roscoe Bartlett [R-MD] | Rep. Brian Bilbray [R-CA] | Rep. Rob Bishop [R-UT] |
Sen. Marsha Blackburn [R-TN] | Rep. Tom Cole [R-OK] | Rep. Michael Conaway [R-TX] | Rep. Mary Fallin [R-OK] |
Sen. Jeff Flake [R-AZ] | Rep. Trent Franks [R-AZ] | Rep. Phil Gingrey [R-GA] | Rep. Louie Gohmert [R-TX] |
Rep. Ralph Hall [R-TX] | Rep. Darrell Issa [R-CA] | Rep. Doug Lamborn [R-CO] | Rep. Christopher Lee [R-NY] |
Rep. Kenny Marchant [R-TX] | Rep. Pete Olson [R-TX] | Rep. Ron Paul [R-TX] | Rep. Joseph Pitts [R-PA] |
Rep. Bill Posey [R-FL] | Rep. Glenn Thompson [R-PA] |
History
Date | Chamber | Action |
---|---|---|
2009-12-15 | Referred to House Budget | |
2009-12-15 | Referred to House Ways and Means | |
2009-12-15 | Referred to the Committee on Ways and Means, and in addition to the Committee on the Budget, 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. |
Subjects
Appropriations
Budget deficits and national debt
Economics and public finance
Tax administration and collection, taxpayers
Budget deficits and national debt
Economics and public finance
Tax administration and collection, taxpayers
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/111th-congress/house-bill/4308/all-info |
Text | https://www.congress.gov/111/bills/hr4308/BILLS-111hr4308ih.pdf |